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Yo today is October, 12 2022. 
Welcome to Simply Bitcoin live. 

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We are number one source for the
peaceful Bitcoin Revolution 

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recover, breaking news culture, 
romantic Warfare. 

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We will show you why only 
Bitcoin only Bitcoin and give 

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you true Financial sovereignty. 
And when we say that, we 

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obviously mean Freedom. 
Today we have a very special 

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show. 
We're going to talk about all 

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things. 
Multisig, during the culture 

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we're going to talk about 
Bitcoin back loans, the pros the

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cons and we have very special 
people to talk about that with 

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today. 
We have Tyler, Tyler works. 

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Change how you doing, Tyler? 
Excellent. 

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Nico. 
How you doing today? 

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Good and we have Kevin Kevin 
also works at Unchained. 

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How you doing? 
Kevin? 

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Dan, great Nico. 
Thanks for having me. 

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Happy to have you. 
And of course, the legendary, 

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always optimistic Optimus 
fields. 

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Are you doing bro? 
Oh well, good morning everyone. 

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Good morning. 
Excited for this one. 

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I think it's going to be a good 
one. 

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I don't have to say much on my 
culture segment. 

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I'm just excited to talk 
multisig today so this is going 

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to be awesome. 
Yeah, so for anyone who doesn't 

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know multi, see guys, it is In 
my opinion, is the best way to 

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store your Bitcoin in Cold 
Storage. 

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We're going to talk a little bit
about the intricacies and opt. 

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He's going to play a really 
important role today is he he's 

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gonna approach it from from the 
pleb perspective. 

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He's going to approach it from 
somebody that, you know, I don't

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know Opti, how would you 
approach it? 

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Hi functional dumb. 
I wouldn't say like that. 

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But anyways, I'm really excited 
for this. 

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And what do we have during the? 
Purrs. 

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Oh, some crazy data. 
From El Salvador. 

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We're going to get to an 
extremely bullish and it makes 

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sense why they're scared it 
actually. 

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It is the reason why they're 
scared in the first place. 

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So anyways, let's start the 
show, everybody. 

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Brought to you by novel. 
At this point, you should be 

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running your own Bitcoin note. 
If you don't use your own 

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Bitcoin node, you're trusting 
someone else's run your own 

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version of Bitcoin core. 
The lightning Network, 

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whirlpool, and Dojo all from the
comfort of your own home. 

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And if your digital Nomad, you 
have absolutely no excuse 

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because now you can run a novel 
through a virtual private 

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server, visit not L.A you today.
All right, all right, all right,

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at the time of recording, the 
Bitcoin price is 130 SATs per 

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dollar 5200, 27 block height 758
seven. 

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Hundred fifty eight thousand, 
three hundred sixty-five 

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reachable Bitcoin nodes, fifteen
thousand two hundred thirty two 

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blocks to The Happening. 
That date could not that block 

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could not come any sooner. 80 
1635, having estimate April 

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20th, 2024 total lightning 
network capacity, 5,000 for 

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Bitcoin capacity value, 95 
million USD realized monetary 

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inflation, one point seventy 
percent Market. 

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Capitalization 366 billion 
dollars Bitcoin is still baby. 

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I just want you guys to remember
that last number 366 billion. 

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And here is this infographic for
audio listeners from documenting

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Bitcoin, awesome, Twitter 
account, definitely recommend 

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the follow. 
And basically, it's a screenshot

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from blockwork Solutions and it 
says, market cap of different 

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asset classes. 
Right. 

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As you can see, it is so small 
for all you listeners. 

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It's a pie chart Bitcoin. 
You can't. 

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See it with your eyes really is 
this tiny little blip and right 

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next to it is 303 trillion 
dollars of debt. 

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There is 56 trillion dollars of 
equities. 

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There's twelve trillion dollars 
of gold and there's 360 326 

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trillion of real estate and 
remember in a Fiat world people 

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are just trying to maintain 
their wealth of which Real 

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Estate is one of the most 
preferable choices. 

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So I suspect Bitcoins going to 
take a much larger portion of 

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this pie. 
Just if Bitcoin reaches the 

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market cap of gold of twelve 
trillion and 9 10 9 to 10 

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trillion that puts Bitcoin at 
half a million dollars, a coin 

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and that makes me incredibly 
bullish. 

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But enough of me, I want to talk
to the unchain guys. 

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Are you seeing what I'm seeing? 
Are we just incredibly biased 

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because we're we're crazy? 
Bitcoiners Definitely seeing 

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what you're seeing. 
I think, especially, you know, 

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Kevin coming from, you know, 
from from the, the Fiat banking 

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world and, you know, being young
professionals early adults, 

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going through all this, you 
know, formidable years shaped by

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the 2008 financial crisis now, 
jumping right into this. 

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It's like, I mean to me, I'm 
just excited that pie chart that

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you showed also cosine the 
documentary Bitcoin Twitter 

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account follow, but that graphic
was pretty stunning. 

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I don't know how you could be 
somebody. 

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Has it really taken Bitcoin 
seriously. 

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Look at a chart like that and 
not have just your interest 

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piqued a little. 
Absolutely I think it was it was

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Greg Faust when we had the show 
with him that said if Bitcoin 

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takes I think like it was like 
two or three percent of that 

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that puts Bitcoin at like 22 
million dollar Bitcoin. 

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Right. 
And I think that's bearish in my

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opinion specific especially in 
the long term, in my opinion, is

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the best savings technology the 
world has ever seen. 

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And it would and it was actually
one of you guys a Parker Lewis. 

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Right? 
Wrote an article called the 

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Great defines D 
financialization, and he was 

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making the argument that, you 
know, now that Bitcoins around, 

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right, it's going to just suck 
value. 

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A lot of out of a lot of these 
other assets because before 

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people had no choice but to 
perhaps by some real estate, 

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just a Montaine, their wealth. 
So Kevin, what are your thoughts

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on? 
I don't know if you read that 

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article but but yeah, what are 
your thoughts on the pie chart? 

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Yeah. 
Actually I read that article. 

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I think that was maybe Full days
before my interview with Parker.

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So I got to bring that up a 
little bit and mispronounced D 

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financialization in from has 
quite a mouthful of a word but I

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agree, we are still very early 
people just don't know enough 

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about Bitcoin. 
A lot of people view it as very 

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speculative and they have no 
idea of, you know, any of the 

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fundamental characteristics of 
the network or the protocol how 

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it works. 
Speaking of when I left my old 

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Fiat, banking job told people 
what I was going to go. 

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Oh, do and I expected some kind 
of a conversation from them. 

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I really just got a Blank Stare.
So we are still very early, I 

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have gone back and visited some 
of my old colleagues from the 

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time. 
And and it's kind of funny 

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shortly after I left, people 
started clients started asking 

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about Bitcoin. 
And even, they've sort of 

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engineered some Financial 
products, to sort of get people 

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closer to bitcoin exposure. 
So it's really interesting to 

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see how how slow it is. 
But at the same, Same time. 

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We're, you know, we are still 
very early. 

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I 100% agree. 
You know, you talked to, anyone 

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have one of my good friends that
I grew up with went to high 

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school together. 
He works at Goldman, right? 

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He's in the wealth management, 
he's in wealth management and 

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whatever that is or I don't know
the exact term and Did he hates 

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Bitcoin? 
He absolutely hates Bitcoin. 

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And yeah, that, you know, for 
you to even have that privilege 

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to hate Bitcoin, tells me that 
we're freakin early. 

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I think hating Bitcoin is going 
to cost a lot of those guys. 

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A lot of businessman, in the 
long term, right? 

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Anyways, moving on to this and 
I'll get Opti. 

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I want to get your thoughts. 
This is some data posted from by

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Willie. 
Whoo, don't worry son, no, 

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trading stuff. 
But anyways the source is from 

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coin Telegraph. 
So we know it's legit I guess. 

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Anyways Willie will Salvador 
Bitcoin adoption nearly matched.

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Its banking adoption and its 
first eight months since launch 

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of the total population, 40% 
downloaded chivo wallet. 20%, 

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continue to use it, 25% have 
bank accounts. 

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The Bitcoin launch was September
20 21, dude, for all the crap 

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talking that they say about 
Bitcoin. 

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Otto, it's not adopted. 
It was a, it was a failure, 

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banking had a 35 year, Head 
Start, and Bitcoin is only 

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lagging behind by 5%. 
And this explains why, you know,

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our friends at the United 
Nations that's funny because 

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they have the the slogan 
prosperity for all. 

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We've gone over this. 
I've gone over this on BBC 

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Sessions during the simply 
sessions bitcoin news Roundup 

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during with with Ben. 
And this is an article that 

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we've gone over a hundreds of 
times, right? 

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Which is the United Nations 
spells out actions to curb, 

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cryptocurrencies and developing 
countries. 

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Well, you want to know why? 
They're so petrified. 

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Here you go. 
Here's your answer, right? 

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If you cut out all the red tape 
and you make having access to 

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the to the world, having access 
to the financial world, as 

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simple as downloading an app. 
It's incredible how popular it 

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is. 
I don't think it's rocket 

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science from their perspective. 
They would like you to believe 

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that without them without the 
disintermediate aires. 

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I mean, without the 
Intermediaries the world will 

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burn down. 
It's crazy in a world where we 

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have money that has rules 
without rulers. 

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Its awesome watching the old 
rulers trying to justify their 

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old exhibit their existence and 
we're just kind of watching them

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like yeah that's not maybe I 
don't want to Central Bank. 

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Digital currency that's going to
stop me from buying steak five 

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times a month you know maybe I 
don't want that right? 

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So anyways Opti the in-house 
truth-teller. 

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What are your thoughts on? 
This brother. 

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Well, this is what I love to 
see. 

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I think I say it on every single
show seeing individuals using 

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Bitcoin. 
To me is the most inspiring 

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aspect of all this stuff and and
to see the hard data to have the

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receipts of people once they 
take the orange pill there's no 

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going back. 
And furthermore just like 

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fulfilling the meme of banking 
the unbanked and like we have 

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the data here. 
So like adoption is happening 

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everywhere. 
And furthermore, if we connect 

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this dot with buchelli article 
of don't drink the elite school 

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aid, that we cover, A week or 
two ago man. 

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It's very interesting to see the
Legacy Media continue to try to 

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dunk on El Salvador. 
When like adoption is happening 

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at such a fast pace because the 
cats out of the bag and you know

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people aren't going back. 
They understand that Bitcoin is 

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a better Financial system and 
furthermore free or financial 

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system. 
And so hey man, this is just 

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bullish stuff and also another 
dot connect that with what's 

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happening over Down in Africa as
well and other parts of the 

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third world. 
It's like, It's hard to stay 

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bearish right now and 
furthermore with the documenting

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Bitcoin meme the like point 
three six trillion dollar market

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cap. 
It's so it's incredible that 

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people are bearish out there. 
It's never been a better time to

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buy and save and Bitcoin and 
here are the receipts. 

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00:11:05,800 --> 00:11:07,300
Oh it's just beautiful to see 
that. 

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00:11:07,300 --> 00:11:11,000
We have hard facts and it's not 
just us suppose you on Twitter 

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about it I think to that point 
real quickly just to go back to 

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Parker Lewis has essays, right? 
It's like you're we're seeing in

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real time. 
Different areas of the world, 

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hit that suddenly phase a little
bit faster than other areas, 

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00:11:24,900 --> 00:11:26,300
right? 
Sonique, oh your friend at work 

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at Goldman, you know, he's still
stuck in the gradually phase, 

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right? 
And he has that privilege of 

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being able to hate Bitcoin 
because doesn't really yet need 

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it. 
Meanwhile down in El, Salvador, 

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the global south over, Nigeria, 
like they're starting to ramp up

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to that suddenly faced, it's a 
pretty cool thing to see. 

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Yeah, it's really amazing. 
What happens when you plug into 

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the open monetary Network and 
You're not beholden to the whims

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of a central bank or inflation 
and and things, you know, within

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one year essentially have done a
complete 180 degrees in El 

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Salvador. 
And all of the important things 

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that people care about are 
heading in the right direction, 

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00:12:00,000 --> 00:12:02,800
like, crimes reduced economic 
activities up. 

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People are happier and it's just
a great place to live 100%. 

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It's incredible. 
And now I want to get your guys 

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thoughts on this because from my
understanding right, Unchained 

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is leveraging the tools and the 
technology Bitcoin provides and 

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in my opinion and maybe I'm 
completely wrong on this. 

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I think you guys are The 
financial type of firm or 

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00:12:28,400 --> 00:12:31,000
service of the future with 
Bitcoin in mind. 

231
00:12:33,300 --> 00:12:36,800
Yeah, I would say so. 
I mean really at that Foundation

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00:12:36,800 --> 00:12:40,700
of security, and we'll dive into
that and Opti happy to like, 

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00:12:40,700 --> 00:12:44,000
answer questions that you might 
be had playing the club role, 

234
00:12:44,900 --> 00:12:48,600
but that Foundation of multisig,
and holding your own keys to 

235
00:12:48,600 --> 00:12:50,800
your Bitcoin wealth. 
And then, you know, in 

236
00:12:51,400 --> 00:12:53,500
interacting with Bitcoin 
Financial Services in a way 

237
00:12:53,500 --> 00:12:58,000
where self sovereignty is still 
put Kind of at the Forefront you

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00:12:58,000 --> 00:13:00,700
said Nico. 
It's like when we're moving into

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00:13:00,700 --> 00:13:04,000
this suddenly phase of the 
gradually then suddenly here in 

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00:13:04,000 --> 00:13:08,600
the US or in the west companies 
like Unchained, you know what 

241
00:13:08,600 --> 00:13:11,600
we're trying to do on the 
foundation, not only Bitcoin but

242
00:13:11,800 --> 00:13:14,500
key ownership and security like 
that is going to be the way to 

243
00:13:14,500 --> 00:13:16,800
go, right? 
As we saw over the events of the

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00:13:16,800 --> 00:13:19,700
past couple months, I guess, 
maybe a couple quarters. 

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00:13:19,700 --> 00:13:21,200
Now. 
Everything that happened at the 

246
00:13:21,200 --> 00:13:23,500
beginning of the summer like you
don't want to be caught. 

247
00:13:23,600 --> 00:13:25,400
Not holding your own Keys 
basically. 

248
00:13:25,700 --> 00:13:27,600
So, Yeah. 
Couldn't under underscore that 

249
00:13:27,608 --> 00:13:29,700
point more. 
Yeah, not even, just not even 

250
00:13:29,700 --> 00:13:32,100
just from like, a Bitcoin 
perspective, but your wealth in 

251
00:13:32,100 --> 00:13:34,200
general, you don't want to be 
trusting. 

252
00:13:34,200 --> 00:13:37,300
These Banks who can. 
If you actually look at the 

253
00:13:37,300 --> 00:13:41,300
terms and conditions like hand 
up, I've read them working in a 

254
00:13:41,300 --> 00:13:43,800
bank. 
You can see that they have the 

255
00:13:43,800 --> 00:13:46,400
right to shut down your account 
at any time and you agree to 

256
00:13:46,400 --> 00:13:49,600
that when you open the account, 
but not a lot of people read 

257
00:13:49,600 --> 00:13:52,400
that stuff and think about it a 
lot until it happens to them. 

258
00:13:52,400 --> 00:13:55,300
As we saw even earlier in the 
year with the Canadian truckers 

259
00:13:55,300 --> 00:13:58,700
and the And people just being 
completely cut out of their own 

260
00:13:59,000 --> 00:14:02,000
bank account. 
Yeah, I mean, it's the, it's the

261
00:14:02,000 --> 00:14:05,400
part of the Fiat Matrix, right? 
It's, you know, people the idea 

262
00:14:05,400 --> 00:14:09,200
of self custody is just 
absolutely radical at least to 

263
00:14:09,200 --> 00:14:13,400
most people, when you tell them,
hey, there is no support line 

264
00:14:13,400 --> 00:14:15,100
that you can call if you lose 
your keys. 

265
00:14:16,100 --> 00:14:19,100
I think that in, from my 
experience doing this for a 

266
00:14:19,108 --> 00:14:22,600
while. 
And I'm not trying to be ages or

267
00:14:22,600 --> 00:14:24,200
anything. 
But what I've noticed is that 

268
00:14:24,300 --> 00:14:27,700
the older generation that has 
spent the most amount of time in

269
00:14:27,700 --> 00:14:30,200
the Fiat Matrix, right? 
Using the traditional banking 

270
00:14:30,200 --> 00:14:35,000
system is kind of the most you 
don't react well to self 

271
00:14:35,000 --> 00:14:39,300
custody, it's a crazy idea, but 
it's never talked about the 

272
00:14:39,300 --> 00:14:43,600
downsides of, you know, a full 
custody model, which is bank's, 

273
00:14:43,600 --> 00:14:45,200
right. 
It's exactly what you say, they 

274
00:14:45,200 --> 00:14:48,900
can freeze your transactions, 
you have to ask permission every

275
00:14:48,900 --> 00:14:50,900
single time you use your money, 
right? 

276
00:14:51,100 --> 00:14:57,100
And watching, you know, the 
example in Canada, you know, in 

277
00:14:57,100 --> 00:15:02,700
Europe, I've heard also right. 
It's becoming incredibly obvious

278
00:15:02,700 --> 00:15:07,500
that Bitcoin is the answer. 
And banking, isn't what banking 

279
00:15:07,500 --> 00:15:12,200
was 20 30 years from now? 
I'm sorry, 20, 30 years ago, you

280
00:15:12,200 --> 00:15:14,900
know? 
So anyways, crazy crazy times, 

281
00:15:14,900 --> 00:15:17,400
but let's get to the news. 
Let's do it. 

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00:15:21,100 --> 00:15:25,300
The Daily News brought to you by
bit box to bitcoin only 

283
00:15:25,300 --> 00:15:28,500
additional Hardware wallet by 
shift crypto crypto like 

284
00:15:28,500 --> 00:15:31,500
cryptography. 
It's secure, it's open source 

285
00:15:31,500 --> 00:15:33,900
and it's so easy, your mom can 
set it up. 

286
00:15:34,000 --> 00:15:37,000
Self custody is the revolution 
in the bit box. 

287
00:15:37,000 --> 00:15:40,800
Makes it simple, do not leave 
your Bitcoin on an exchange 

288
00:15:40,800 --> 00:15:42,800
order. 
A bit box today. 

289
00:15:44,100 --> 00:15:48,200
All right, all right, all right.
Opti opt is the best salesman 

290
00:15:48,200 --> 00:15:50,400
then that is ever was not. 
Best producer. 

291
00:15:50,400 --> 00:15:53,900
He's the best salesman Opti. 
You've upgraded, Bro, you've 

292
00:15:53,900 --> 00:15:56,300
evolved like a Super Saiyan. 
I keep changing. 

293
00:15:56,300 --> 00:16:01,100
It rolls over here. 
But okay, we play all the roles.

294
00:16:01,100 --> 00:16:05,700
Okay, guys, I want to talk about
multisig if you don't know what 

295
00:16:05,700 --> 00:16:08,400
that is, let's kind of back it 
up. 

296
00:16:08,400 --> 00:16:10,800
Sorry about the five dollar 
wrench attack, right. 

297
00:16:11,000 --> 00:16:12,700
Why is it called five dollar 
wrench attack? 

298
00:16:12,700 --> 00:16:16,600
Because we all think holy crap. 
If I put a really complicated 

299
00:16:16,600 --> 00:16:19,300
password and I save it and it's 
super yummy. 

300
00:16:19,600 --> 00:16:22,800
Super long and it's random and I
put it someplace safe, my 

301
00:16:22,800 --> 00:16:25,700
Bitcoin is safe, right? 
But the reason they call it a 

302
00:16:25,708 --> 00:16:28,000
five dollar wrench attack is 
because that's not what they're 

303
00:16:28,008 --> 00:16:29,400
going to do. 
What they're gonna do is they're

304
00:16:29,400 --> 00:16:32,400
going to buy a five dollar 
wrench show show up to where you

305
00:16:32,400 --> 00:16:35,100
are in meatspace and they're 
going to say, I'm going to hit 

306
00:16:35,100 --> 00:16:38,400
you over the head with this five
dollar wrench, if you don't give

307
00:16:38,400 --> 00:16:41,300
up your Bitcoin. 
So this is where multisig plays 

308
00:16:41,300 --> 00:16:44,900
in right? 
Multisig uses different 

309
00:16:44,900 --> 00:16:46,800
signatures. 
So if it's a two or three, 

310
00:16:47,000 --> 00:16:49,400
right? 
It requires two signatures from 

311
00:16:49,600 --> 00:16:54,200
You separate seeds, right to 
spend that Bitcoin right and 

312
00:16:54,200 --> 00:16:56,800
there's three seeds in total, 
there's three keys in total 

313
00:16:56,900 --> 00:16:59,400
three separate seeds. 
So you should technically use 

314
00:16:59,400 --> 00:17:02,500
three separate seeds, you can 
use those two signatures and it 

315
00:17:02,500 --> 00:17:04,800
goes up, you could do a three of
five, right? 

316
00:17:04,800 --> 00:17:07,900
The lnd thing. 
The thing that broke lnd was 

317
00:17:07,900 --> 00:17:11,000
like nine hundred ninety eight 
out of nine hundred ninety nine 

318
00:17:11,000 --> 00:17:14,700
so you can rock it up obviously 
I don't suggest that I think two

319
00:17:14,700 --> 00:17:17,599
or three is more than enough and
if you're really really freaking

320
00:17:17,599 --> 00:17:21,900
paranoid you could do 3 of 5. 
So yeah, that's multisig. 

321
00:17:21,900 --> 00:17:27,000
The problem is though, with 
different wallets as that there 

322
00:17:27,000 --> 00:17:30,900
is a complexity to it as well. 
Write, it took me like trial and

323
00:17:30,900 --> 00:17:34,200
error 6th six months of just 
messing around. 

324
00:17:34,200 --> 00:17:37,400
Where I can get comfortable. 
I got comfortable building my 

325
00:17:37,400 --> 00:17:40,300
own multisig wallet. 
I am in electrum junkie, I love 

326
00:17:40,300 --> 00:17:42,400
electrum, so that's what I used,
right? 

327
00:17:42,600 --> 00:17:46,700
It was not an easy, it's not an 
easy user interface to do that 

328
00:17:46,700 --> 00:17:48,500
stuff, right? 
I kind of just kind of learned 

329
00:17:48,500 --> 00:17:51,600
it on my own because I I came to
this very like, very natural 

330
00:17:51,600 --> 00:17:54,800
question that a lot of you guys 
will get to right? 

331
00:17:54,800 --> 00:17:58,500
Which is, you're looking at your
Ledger, your treasure your colds

332
00:17:58,500 --> 00:18:01,200
card and you're looking at it 
and you're like, how can I 

333
00:18:01,200 --> 00:18:04,300
really trust? 
How do I know that they didn't, 

334
00:18:04,400 --> 00:18:07,600
you know, kind of put some 
backroom kind of soft or even 

335
00:18:07,600 --> 00:18:10,400
though it's open source, but how
do I know I could really trust 

336
00:18:10,500 --> 00:18:12,500
the random number generator on 
this device? 

337
00:18:12,700 --> 00:18:14,500
How do I know I could really 
trust this device? 

338
00:18:14,500 --> 00:18:17,200
Well, that's where multisig 
comes in, right? 

339
00:18:17,200 --> 00:18:20,200
So it's a different thing. 
If you're storing your need one 

340
00:18:20,200 --> 00:18:23,500
on a ledger, one on a bit box 
and one on a cold card, right? 

341
00:18:23,500 --> 00:18:26,300
You're not trusting a single, 
maybe a seed signer, you're not 

342
00:18:26,300 --> 00:18:29,700
trusting a single manufacturer, 
right? 

343
00:18:29,700 --> 00:18:33,600
And I think that this is an 
inevitable question, that all 

344
00:18:33,600 --> 00:18:39,000
bitcoiners will start to run 
into, especially if the relative

345
00:18:39,000 --> 00:18:42,900
value because money is relative 
to everybody starts to become a 

346
00:18:42,900 --> 00:18:46,300
significant amount depending on 
your life, right? 

347
00:18:46,300 --> 00:18:50,400
And if you're saving a Bitcoin 
for 5-10 years, I'm not going to

348
00:18:50,400 --> 00:18:54,600
say 100% promise you. 
But I 110% promise you that is 

349
00:18:54,600 --> 00:18:57,100
most likely going to happen, 
right? 

350
00:18:57,400 --> 00:18:59,500
And you're going to look at it, 
especially if you're staying 

351
00:18:59,500 --> 00:19:02,300
humble and you're stacking SATs 
and your dollar cost averaging, 

352
00:19:02,300 --> 00:19:03,800
like what we advocate for on 
this show. 

353
00:19:03,800 --> 00:19:06,300
Don't trade. 
Don't be a Degen. 

354
00:19:07,100 --> 00:19:08,900
Most likely this is going to 
happen to you. 

355
00:19:10,400 --> 00:19:15,200
So that all that being said, I 
know that you guys have, you 

356
00:19:15,200 --> 00:19:19,400
guys make it easier for people 
to multisig a ton? 

357
00:19:19,500 --> 00:19:21,300
Unchained. 
So why don't you guys tell us a 

358
00:19:21,308 --> 00:19:25,200
little bit about that. 
Yeah, definitely. 

359
00:19:25,300 --> 00:19:28,700
I can take a lead on that one. 
I'm on the concierge team at 

360
00:19:28,700 --> 00:19:33,400
Unchained, so we really take 
people from, you know, zero to 

361
00:19:33,400 --> 00:19:36,200
full two of three, multisig and 
collaborative custody. 

362
00:19:36,800 --> 00:19:40,800
We engage an hour long video 
call to start and multiple calls

363
00:19:40,800 --> 00:19:44,900
afterwards, if needed really 
helping people through setting 

364
00:19:44,900 --> 00:19:49,100
up these Hardware devices, you 
uploading X pubs, and public 

365
00:19:49,100 --> 00:19:51,700
keys, and we go through kind of 
like, you know, the details as 

366
00:19:51,700 --> 00:19:53,700
to what we're actually 
constructing what we're making. 

367
00:19:53,900 --> 00:19:56,200
King with a multi signature of 
V. 

368
00:19:56,200 --> 00:19:58,900
Is that the name of the product 
and throughout those 

369
00:19:58,900 --> 00:20:00,900
discussions? 
I think it's really, it's really

370
00:20:00,900 --> 00:20:03,200
powerful to see from our 
perspective on the concierge 

371
00:20:03,200 --> 00:20:08,100
team, you know, we were talking 
Nico about the little bit older 

372
00:20:08,100 --> 00:20:09,900
Generations. 
Maybe, you know, just being so 

373
00:20:09,900 --> 00:20:12,800
used to the Fiat system and 
taking that extreme ownership 

374
00:20:12,900 --> 00:20:15,700
extreme responsibility. 
Oh, you know, where we're now, 

375
00:20:15,700 --> 00:20:18,200
it's with great power. 
Comes great responsibility. 

376
00:20:19,000 --> 00:20:21,600
It becomes a little bit scary, 
but we talked about, you know, 

377
00:20:21,600 --> 00:20:23,400
from our vantage point, at the, 
on the concierge team. 

378
00:20:23,400 --> 00:20:26,500
We see see, maybe a good bell 
curve of individuals, right? 

379
00:20:26,500 --> 00:20:28,400
There's folks, just out of 
college. 

380
00:20:28,400 --> 00:20:29,900
It might be computer software 
Engineers. 

381
00:20:29,900 --> 00:20:32,600
But there's also, you know, 75 
year old men and women, who just

382
00:20:32,600 --> 00:20:37,300
really or maybe in the gold or 
traditional Libertarians and 

383
00:20:37,300 --> 00:20:39,100
hold Bitcoin and want to do it 
the right way. 

384
00:20:39,400 --> 00:20:42,400
And when we engage in these 
discussions, we say, hey here's 

385
00:20:42,400 --> 00:20:45,300
what we're going to do what 
we're building here today is 

386
00:20:45,300 --> 00:20:47,500
really like a treasure chest for
your Bitcoin. 

387
00:20:47,800 --> 00:20:50,000
And in order to open up that 
Treasure Chest, you're going to 

388
00:20:50,008 --> 00:20:52,900
need two keys out of a set of 
three total. 

389
00:20:53,200 --> 00:20:57,700
It could be Both of your keys or
could be one of your keys and 

390
00:20:57,700 --> 00:21:00,900
one that on chain holds is your 
collaborative custody partner 

391
00:21:01,200 --> 00:21:03,800
and that's what's used to unlock
Bitcoin from your treasure 

392
00:21:03,800 --> 00:21:04,900
chest. 
And that's really what we're 

393
00:21:04,900 --> 00:21:06,700
doing when we frame it like 
that. 

394
00:21:06,700 --> 00:21:09,900
And we take the time to explain 
what these devices are. 

395
00:21:09,900 --> 00:21:13,100
The fact that Bitcoin doesn't 
live in your treasure or Ledger 

396
00:21:13,100 --> 00:21:16,300
cold card, but that these 
devices just or your keys, it 

397
00:21:16,300 --> 00:21:19,000
really does kind of build this 
foundational knowledge of like, 

398
00:21:19,000 --> 00:21:20,800
okay? 
I kind of understand what I'm 

399
00:21:20,800 --> 00:21:23,700
doing and then broader goal of 
our team. 

400
00:21:23,800 --> 00:21:26,900
You know, Unchained writ large. 
Not just the concierge team is 

401
00:21:26,900 --> 00:21:28,900
educating people after the fact,
right? 

402
00:21:29,000 --> 00:21:32,700
Blog articles content, Financial
Services, you know, Kevin and 

403
00:21:32,700 --> 00:21:35,200
his team are working on a 
foundation of multisig as well. 

404
00:21:35,900 --> 00:21:39,500
And in my mind it's really the 
most powerful way to secure your

405
00:21:39,500 --> 00:21:42,000
Bitcoin. 
It's the most secure way to 

406
00:21:42,100 --> 00:21:45,800
secure your Bitcoin, right? 
I had a tweet right before we 

407
00:21:45,800 --> 00:21:48,400
all jumped on. 
We are single point of failure 

408
00:21:48,400 --> 00:21:50,600
disrespect errs. 
So that seven dollar wrench 

409
00:21:50,600 --> 00:21:53,100
attack, I saw in the comments 
adjusted for inflation. 

410
00:21:54,000 --> 00:21:55,700
Yeah, that could be a single 
point of failure. 

411
00:21:55,700 --> 00:21:58,500
If somebody, you know, wants to 
do a physical attack on you and 

412
00:21:58,500 --> 00:22:01,100
you have one seed phrase backup,
right? 

413
00:22:01,100 --> 00:22:05,000
One set of 24 words, securing 
your Bitcoin wealth. 

414
00:22:05,400 --> 00:22:07,900
Well, that that's a single point
of failure and you're holding 

415
00:22:07,900 --> 00:22:10,300
your own keys, right? 
Not your keys, not your coins, 

416
00:22:10,400 --> 00:22:12,900
but you don't have that fault 
tolerance, right? 

417
00:22:12,900 --> 00:22:16,200
You don't have the additional 
support of something like multi 

418
00:22:16,200 --> 00:22:18,400
sake, something like two or 
three multi sake. 

419
00:22:18,400 --> 00:22:22,100
So, you know, not to get into 
the full Spiel right away, but 

420
00:22:22,100 --> 00:22:23,700
that's really what we try to 
instill. 

421
00:22:23,800 --> 00:22:25,900
Dill and the minds of our 
clients in the ankle Kate, is 

422
00:22:25,900 --> 00:22:28,300
this idea of get rid of your 
single points of failure? 

423
00:22:28,300 --> 00:22:31,900
Hold your own keys and Foster, 
this kind of culture of learning

424
00:22:31,900 --> 00:22:34,400
along the way when you join the 
call with us. 

425
00:22:34,400 --> 00:22:38,800
You might not know it in X Pub 
is first. 30 seconds in, but you

426
00:22:38,800 --> 00:22:40,100
know, a six months down the 
road. 

427
00:22:40,100 --> 00:22:42,600
After being a nun chain client, 
you're going to know what a next

428
00:22:42,600 --> 00:22:43,700
Pub is. 
You're going to know what a 

429
00:22:43,700 --> 00:22:46,900
wallet configuration file is and
you know, you might just even 

430
00:22:46,900 --> 00:22:49,500
know what Caravan is, right? 
So it's kind of that that 

431
00:22:49,500 --> 00:22:52,100
constant Evolution towards 
learning the more that you get 

432
00:22:52,100 --> 00:22:53,800
your hands dirty with. 
So let's talk a little bit. 

433
00:22:53,900 --> 00:22:56,700
It about. 
So the differences, right? 

434
00:22:56,700 --> 00:23:00,200
So, if I were to set up a two or
three by myself, right, you 

435
00:23:00,200 --> 00:23:03,300
know, I would either rely on the
random number generators on my 

436
00:23:03,308 --> 00:23:07,800
devices, I would roll the dice, 
you know, and then I would plug 

437
00:23:07,800 --> 00:23:11,400
in those devices on to the 
specific wallet or maybe just 

438
00:23:11,400 --> 00:23:13,300
plug in the X pubs by 
themselves. 

439
00:23:13,300 --> 00:23:15,500
Right? 
And then, you know, you would 

440
00:23:15,500 --> 00:23:18,100
set up two or three or three or 
five? 

441
00:23:18,100 --> 00:23:20,400
Let's, let's make it simple. 
Let's stick to two or three, not

442
00:23:20,400 --> 00:23:23,700
to overcomplicate things, right?
So that's how you do. 

443
00:23:23,800 --> 00:23:25,700
It yourself, right? 
And then what is the advantage 

444
00:23:25,700 --> 00:23:28,600
of that? 
One of my opinion one of the 

445
00:23:28,600 --> 00:23:31,000
advantages of multisig is 
something called geographically.

446
00:23:31,000 --> 00:23:32,900
Separating your seats. 
What does that mean? 

447
00:23:33,400 --> 00:23:35,900
That means that if this 
theoretical five dollar wrench 

448
00:23:35,900 --> 00:23:39,900
attacker, knocked on your door 
where you showed up at your 

449
00:23:39,900 --> 00:23:42,000
house, even he had that Five 
Dollar Rent attack above your 

450
00:23:42,000 --> 00:23:45,500
head. 
You wouldn't have the keys in 

451
00:23:45,500 --> 00:23:49,200
the same geographical location, 
so, even if he held you hostage,

452
00:23:49,200 --> 00:23:53,300
with the threat of violence, you
couldn't give it to him, even if

453
00:23:53,300 --> 00:23:54,600
you want. 
To right? 

454
00:23:54,600 --> 00:23:57,100
And again, is this a perfect 
solution, he might get upset 

455
00:23:57,100 --> 00:23:58,500
right? 
No, it's not. 

456
00:23:58,500 --> 00:24:00,800
There is no perfect solution. 
It's a trade-off, right? 

457
00:24:00,800 --> 00:24:04,900
But at least, it lets you plan 
to do certain things, right? 

458
00:24:05,800 --> 00:24:10,400
So in the setup that I was, 
describing the responsibility of

459
00:24:10,400 --> 00:24:14,000
the storage of those three keys 
would be completely your 

460
00:24:14,000 --> 00:24:16,700
responsibility. 
Now the pros to that system, 

461
00:24:16,900 --> 00:24:22,500
right is Privacy right here. 
You're only you're the only ones

462
00:24:22,500 --> 00:24:26,800
that are going to know about 
your ex pubs, the downsides to 

463
00:24:26,800 --> 00:24:30,000
that system, right? 
Also the key you're going to be 

464
00:24:30,000 --> 00:24:33,200
in complete control of, you 
know, the seed creation as well,

465
00:24:33,400 --> 00:24:35,800
right? 
The downsides to that, however, 

466
00:24:35,800 --> 00:24:39,000
though is you have to take 
complete responsibility of those

467
00:24:39,000 --> 00:24:42,600
three keys, not to mention the, 
especially if you're just 

468
00:24:42,600 --> 00:24:46,500
starting out, it is very 
inconvenient and the ux is not 

469
00:24:46,500 --> 00:24:50,800
friendly and it's not easy to 
create A two or three multisig 

470
00:24:51,000 --> 00:24:53,600
and especially if you're older, 
right? 

471
00:24:53,600 --> 00:25:00,000
It's very daunting now Vault. 
And I know Caravan makes that 

472
00:25:00,000 --> 00:25:03,100
100% easier that process and if 
I believe, correct me if I'm 

473
00:25:03,100 --> 00:25:08,700
wrong, it's 2 of 3, right? 
Yeah, it's two or three, and 

474
00:25:08,700 --> 00:25:11,500
really the advantage of having 
that collaborative custodian 

475
00:25:11,500 --> 00:25:14,200
would be, you know, kind of on 
multiple fronts. 

476
00:25:14,200 --> 00:25:16,900
One, like you said, the 
complexity does kind of 

477
00:25:17,300 --> 00:25:19,200
heightened a little bit. 
When you're doing everything by 

478
00:25:19,200 --> 00:25:22,400
yourself, you don't want to be 
securing your generational 

479
00:25:22,400 --> 00:25:25,700
wealth, and then be stuck 
wondering why your treasure 

480
00:25:25,700 --> 00:25:28,500
doesn't connect to Brave browser
like it should or something like

481
00:25:28,500 --> 00:25:31,600
that. 
If you're using a web-based, 

482
00:25:31,600 --> 00:25:34,000
multisig coordinator, like 
Caravan there's just a lot to 

483
00:25:34,000 --> 00:25:36,700
learn but I'm always for 
Education, go. 

484
00:25:36,900 --> 00:25:39,800
Go and learn those tools but 
having that collaborative 

485
00:25:39,800 --> 00:25:44,200
custodian, there also comes with
this benefit of no Bitcoin 

486
00:25:44,500 --> 00:25:47,900
bitcoiners, Bitcoin individuals,
Kevin myself, our team members 

487
00:25:47,900 --> 00:25:50,700
that are there to help you, you 
know, navigate kind of the Sea 

488
00:25:50,700 --> 00:25:53,700
of information that you're 
always exposed to in Bitcoin, so

489
00:25:53,700 --> 00:25:56,100
that's one advantage. 
And then to it's going to be, 

490
00:25:57,100 --> 00:25:59,500
you really want to think about 
the collaborative nature of it. 

491
00:25:59,500 --> 00:26:02,700
The fact that we hold the key, 
you still can engage in 

492
00:26:02,700 --> 00:26:04,400
geographically, separating your 
items. 

493
00:26:04,400 --> 00:26:06,500
And we do encourage our clients 
to do so. 

494
00:26:06,800 --> 00:26:09,200
But you also want to be thinking
about, you know, these things 

495
00:26:09,200 --> 00:26:12,500
that you might not think about 
right away, when it comes to 

496
00:26:12,500 --> 00:26:15,100
your wealth, write something 
like inheritance, right? 

497
00:26:15,100 --> 00:26:17,600
What were to happen? 
If you were to something 

498
00:26:17,600 --> 00:26:19,700
unfortunate were to happen and 
you were to pass on, right? 

499
00:26:19,700 --> 00:26:23,000
Is there someone with 
institutional grade Bitcoin 

500
00:26:23,000 --> 00:26:26,000
knowledge that could help a 
loved one recover funds, right, 

501
00:26:26,000 --> 00:26:28,800
all of those roles are played 
with a collaborative. 

502
00:26:28,800 --> 00:26:32,700
Custodian who really engages in,
you know, wants you to abide by 

503
00:26:32,700 --> 00:26:36,100
Best Practices but also engages 
in your learning and is kind of 

504
00:26:36,100 --> 00:26:39,000
there for you. 
Those crazy scenarios arise but 

505
00:26:39,000 --> 00:26:42,200
it is 2 of 32 your point Nico. 
And when you think about a two 

506
00:26:42,200 --> 00:26:45,300
or three, let's just say self 
Sovereign setup. 

507
00:26:45,300 --> 00:26:46,900
You have three keys total, 
right? 

508
00:26:46,900 --> 00:26:50,500
So you're probably going to have
your three signing devices, 

509
00:26:50,500 --> 00:26:52,300
right? 
Your three Hardware wallets then

510
00:26:52,300 --> 00:26:54,700
you're going to have your three 
seed phrase backups, right? 

511
00:26:54,700 --> 00:26:58,500
So right there that's six items 
that you're going to want to 

512
00:26:58,600 --> 00:27:01,400
geographically dispersed. 
Keep track of make sure that 

513
00:27:01,400 --> 00:27:04,500
your firmware is up to date. 
Make sure that, you know, your 

514
00:27:04,500 --> 00:27:07,700
seed phrases were written down 
correctly in our Are intact at 

515
00:27:07,700 --> 00:27:10,000
every, you know, maybe once a 
year, you check on your seat 

516
00:27:10,000 --> 00:27:12,500
phrases. 
So, right there, that's that's 

517
00:27:12,500 --> 00:27:14,700
six total items. 
That's kind of a lot. 

518
00:27:14,700 --> 00:27:17,600
And then you start thinking 
about, okay, a 3 of 5 all on 

519
00:27:17,600 --> 00:27:19,500
your own. 
Well now you have five total 

520
00:27:19,500 --> 00:27:23,600
keys so that six items now 
multiplies or I guess, you know,

521
00:27:23,900 --> 00:27:28,100
grows to 10 total items and 
unless you're really on top of 

522
00:27:28,100 --> 00:27:31,000
your, you know, on top of recent
developments on top of your 

523
00:27:31,000 --> 00:27:34,100
wallet tooling that. 
Ted those ten items can kind of 

524
00:27:34,100 --> 00:27:36,700
become unruly, right? 
So when it, when it comes to to 

525
00:27:36,900 --> 00:27:39,300
Three multisig with the 
collaborative custodian like 

526
00:27:39,300 --> 00:27:41,400
Unchained you have four items 
right? 

527
00:27:41,400 --> 00:27:43,800
You have your to signing 
devices, your two-seat phrase 

528
00:27:43,800 --> 00:27:46,200
backups. 
We have your third key is a 

529
00:27:46,200 --> 00:27:48,500
backup and you have those four 
items. 

530
00:27:48,500 --> 00:27:51,200
You can start to think more 
strategically about where you're

531
00:27:51,200 --> 00:27:53,700
going to separate and securely 
store, those four items of your 

532
00:27:53,700 --> 00:27:56,100
setup. 
So I'm just wanted to point that

533
00:27:56,100 --> 00:27:58,700
out there about two or three 
versus three or five and how we 

534
00:27:58,700 --> 00:28:00,900
really think of it for a 
majority of our parking. 

535
00:28:01,100 --> 00:28:03,100
Yeah. 
So I'm a big fan of two or three

536
00:28:03,500 --> 00:28:06,700
you could always just make 
copies of the individual seeds. 

537
00:28:06,800 --> 00:28:09,600
As well. 
So you can kind of, you know, 

538
00:28:09,600 --> 00:28:15,200
play into your kind of your 
storage strategy, better said or

539
00:28:15,200 --> 00:28:17,900
however, which you say it. 
I think we're making up words, 

540
00:28:18,300 --> 00:28:20,800
there's no words for the things.
We're talking about, are just 

541
00:28:20,800 --> 00:28:24,600
kind of making it up on the way.
Anyways, look so so yeah. 

542
00:28:24,600 --> 00:28:27,800
So in my opinion, from from how 
I've used it, right? 

543
00:28:27,800 --> 00:28:32,400
It makes the two of three 
experienced, very easy. 

544
00:28:32,400 --> 00:28:35,000
It puts it behind a very nice 
user interface. 

545
00:28:35,000 --> 00:28:39,100
So if a high net worth Worth 
older person, right? 

546
00:28:39,100 --> 00:28:43,000
That is so used to being in the 
Fiat system. 

547
00:28:43,200 --> 00:28:46,800
Perhaps you know, a person that 
is in a Bitcoin is in a Bitcoin 

548
00:28:46,800 --> 00:28:50,000
junkie, right? 
Perhaps it's your wife or your 

549
00:28:50,000 --> 00:28:53,800
husband who you know isn't 
perhaps a Bitcoin term at 

550
00:28:53,800 --> 00:28:56,300
perhaps they're you know, they 
have a regular job. 

551
00:28:56,300 --> 00:29:00,900
A Fiat job from what I've used. 
Right is that the Vault product 

552
00:29:00,900 --> 00:29:05,200
makes it easier for them to 
interact with multisig, but 

553
00:29:05,200 --> 00:29:07,700
still getting the benefits of 
This egg as well. 

554
00:29:07,900 --> 00:29:10,400
But one of the things I wanted 
to talk about before I move on 

555
00:29:10,600 --> 00:29:13,500
is so hold on. 
We have a question from the 

556
00:29:13,500 --> 00:29:16,400
audience. 
So Michael Morrison says is that

557
00:29:16,400 --> 00:29:17,100
they know. 
Yeah. 

558
00:29:17,100 --> 00:29:18,000
Sorry. 
Wrong one. 

559
00:29:18,000 --> 00:29:20,700
This is the one. 
How does this company? 

560
00:29:20,700 --> 00:29:22,400
Make money though? 
So that I think that's a good 

561
00:29:22,400 --> 00:29:23,900
question. 
So before we get to the loan 

562
00:29:23,900 --> 00:29:27,500
aspect, how do you guys make 
money from your V product? 

563
00:29:29,000 --> 00:29:33,100
Yeah, so the Vault product 
itself is free for personal V. 

564
00:29:33,100 --> 00:29:37,000
You can go create and Unchained 
account, upload your own X pubs.

565
00:29:37,000 --> 00:29:39,900
If you feel like you're, you 
know, a Bitcoin Pro in that 

566
00:29:39,900 --> 00:29:44,400
respect, our V product is free. 
Now, what myself and my 

567
00:29:44,400 --> 00:29:47,300
concierge team members do is we 
have concierge onboarding 

568
00:29:47,300 --> 00:29:49,800
sessions on this. 
Just a one-time payment to our 

569
00:29:49,800 --> 00:29:54,800
team starts at $250 up until 
October 31st. 

570
00:29:54,800 --> 00:29:58,500
We have a drain, the exchanges 
promo running and that's 250 As 

571
00:29:58,500 --> 00:30:00,300
if you already have some 
Hardware wallets, you want to 

572
00:30:00,300 --> 00:30:03,300
use otherwise we will provide 
you devices as well. 

573
00:30:03,900 --> 00:30:05,300
We really just engage with you 
for that. 

574
00:30:05,300 --> 00:30:07,300
Our make sure you're all set up 
and ready to go. 

575
00:30:07,600 --> 00:30:10,700
That's a one-time fee and then 
we do make money from business 

576
00:30:10,700 --> 00:30:13,000
accounts. 
If you're using a business Vault

577
00:30:13,100 --> 00:30:16,200
I'm a vault for your trust or 
your business or organization 

578
00:30:16,400 --> 00:30:19,000
that does have a yearly 
subscription fee and then for 

579
00:30:19,000 --> 00:30:21,900
our lending product we do have 
interest payments. 

580
00:30:21,900 --> 00:30:25,800
We have a trading desk that we 
do take basis points off of as 

581
00:30:25,800 --> 00:30:28,100
well for trades and then our 
Bitcoin IRA. 

582
00:30:28,300 --> 00:30:30,900
Ra has setup fees as well. 
So there's other Financial 

583
00:30:30,900 --> 00:30:33,800
Services that's really how we 
monetize as a company, when it 

584
00:30:33,800 --> 00:30:36,800
comes to bitcoin security and 
Security First for your personal

585
00:30:36,800 --> 00:30:39,500
Bitcoin, that ball product is. 
So let's talk about privacy, 

586
00:30:39,500 --> 00:30:41,100
right? 
Because that's one of the things

587
00:30:41,100 --> 00:30:45,200
that, that I believe is the 
biggest trade off to this, 

588
00:30:45,200 --> 00:30:47,800
right? 
Because at the end of the day V,

589
00:30:48,900 --> 00:30:51,900
you know, unchain Capital does 
have access to your 

590
00:30:51,900 --> 00:30:54,600
transactions, does have access 
to your pubs, and this have 

591
00:30:54,600 --> 00:30:58,200
access to your balance specific 
to that multisig. 

592
00:30:58,300 --> 00:31:01,300
It. 
How do you guys deal with that? 

593
00:31:01,800 --> 00:31:05,300
Have you been approached by law 
enforcement to specific things, 

594
00:31:05,800 --> 00:31:06,700
etc? 
Etc. 

595
00:31:08,500 --> 00:31:11,000
Yes, we have not to my 
knowledge, been approached by 

596
00:31:11,000 --> 00:31:13,400
law enforcement. 
Now, when it comes to the 

597
00:31:13,400 --> 00:31:15,900
Privacy trade-off, that's an 
excellent question, right? 

598
00:31:16,100 --> 00:31:19,100
And it's something, we're first,
and foremost want to state that 

599
00:31:19,300 --> 00:31:21,800
there are certain individuals 
within the company that have 

600
00:31:21,800 --> 00:31:24,100
access to certain information 
about our clients, you know, 

601
00:31:24,300 --> 00:31:27,400
Kevin and I work intimately with
clients engaging in activities. 

602
00:31:27,700 --> 00:31:31,800
So we might be able to, you 
know, access @x pubs or balance 

603
00:31:31,800 --> 00:31:34,800
or transactions things like that
in order to help our clients 

604
00:31:35,300 --> 00:31:36,900
when it comes to the Privacy. 
Trade-offs. 

605
00:31:37,400 --> 00:31:38,200
Excellent. 
Point. 

606
00:31:38,200 --> 00:31:41,300
And like I think a broader point
in Bitcoin or just generally 

607
00:31:41,300 --> 00:31:43,500
when we're talking about 
services and products in this 

608
00:31:43,500 --> 00:31:47,000
space, everything has 
trade-offs, you know, there's 

609
00:31:47,000 --> 00:31:49,900
privacy trade-offs with any 
company you engage into given X 

610
00:31:49,900 --> 00:31:53,100
Pub to whether that's Swan 
Bitcoin, you connect the next 

611
00:31:53,100 --> 00:31:55,800
Pub or a single address, whether
that's another multisig 

612
00:31:55,800 --> 00:31:57,600
provider, right? 
If you're engaging with 

613
00:31:57,600 --> 00:32:01,300
collaborative help and or 
engaging with an exchange, there

614
00:32:01,300 --> 00:32:02,900
is privacy. 
Trade-offs to consider. 

615
00:32:03,200 --> 00:32:05,700
I think the trade off there and 
how you should weigh that then 

616
00:32:05,900 --> 00:32:09,300
is the convenience of having You
know those experts on hand to 

617
00:32:09,308 --> 00:32:12,800
help you with your setup for the
security of your Bitcoin versus,

618
00:32:12,800 --> 00:32:15,400
you know, the the Privacy 
trade-off of us being able to 

619
00:32:15,400 --> 00:32:17,100
see transaction history data, 
right? 

620
00:32:17,200 --> 00:32:19,400
If you value or than the other 
and you know you're thinking 

621
00:32:19,400 --> 00:32:21,700
about your generational wealth 
and maybe the inheritance side 

622
00:32:21,700 --> 00:32:24,900
of things that might take the 
cake over, you know, making sure

623
00:32:24,900 --> 00:32:27,400
that that all of your 
information is kept to your 

624
00:32:27,400 --> 00:32:29,900
eyes. 
Only, you know, privacy is the 

625
00:32:29,900 --> 00:32:33,100
ability to selectively reveal 
oneself to the world and we 

626
00:32:33,100 --> 00:32:35,700
really treat privacy with high 
regarded on chain capital. 

627
00:32:36,900 --> 00:32:40,000
We have strict data, controls 
are rigorously, trained on on 

628
00:32:40,000 --> 00:32:42,600
what to do and what not to do in
specific situations. 

629
00:32:42,900 --> 00:32:45,400
So I'm really comfortable and 
confident with the way that our 

630
00:32:45,400 --> 00:32:47,800
company approaches privacy, but 
it's something that our client 

631
00:32:47,800 --> 00:32:49,800
should be aware of two if they 
want to engage with us. 

632
00:32:50,000 --> 00:32:52,300
But I'd love to hear like 
Kevin's perspective as well just

633
00:32:52,300 --> 00:32:54,600
being, you know, on the more 
financial services side of thing

634
00:32:54,600 --> 00:32:58,100
in this respect to, I know 
privacy is a question that kind 

635
00:32:58,100 --> 00:32:59,700
of pops up and all areas of the 
business. 

636
00:33:00,600 --> 00:33:02,200
Yeah, just been to Echo what you
said ty'. 

637
00:33:02,200 --> 00:33:04,800
We do take the, you know, the 
most strict approach, in terms 

638
00:33:04,800 --> 00:33:09,600
of keeping personal data secure.
Don't share your most personal 

639
00:33:09,600 --> 00:33:12,600
information with other 
third-party service. 

640
00:33:13,400 --> 00:33:16,100
So things like your social 
security number, and your, you 

641
00:33:16,100 --> 00:33:19,300
know, things other things that 
are required by a regulated 

642
00:33:19,300 --> 00:33:22,900
financial services company, like
sources of wealth and employer, 

643
00:33:22,900 --> 00:33:25,700
and things like that, or 
employment data information in 

644
00:33:25,700 --> 00:33:30,000
there, as well, we keep that 
inside, a lot of companies will 

645
00:33:30,000 --> 00:33:33,900
use Third party service 
providers for these kyc AML 

646
00:33:34,200 --> 00:33:36,300
requirements that they have to 
comply with. 

647
00:33:36,600 --> 00:33:39,000
We don't do that, we don't want 
to be sharing that type of 

648
00:33:39,000 --> 00:33:41,400
information. 
Outside of our walls, we keep 

649
00:33:41,400 --> 00:33:44,700
that inside because privacy of 
our clients is of the utmost 

650
00:33:44,700 --> 00:33:46,900
importance to us. 
Awesome. 

651
00:33:46,900 --> 00:33:50,300
So another thing in case it 
hasn't been incredibly obvious. 

652
00:33:50,300 --> 00:33:53,600
Maybe I haven't explained it. 
Well, if Unchained disappeared 

653
00:33:53,600 --> 00:33:56,200
off the face of the Earth 
because you have two of the 

654
00:33:56,200 --> 00:33:59,500
three keys, you could still 
spend it, you could something 

655
00:33:59,500 --> 00:34:03,200
called sovereign And recover a 
wallet with any open source, 

656
00:34:03,200 --> 00:34:06,000
Bitcoin wallet, that supports 
multisig, whether that's Sparrow

657
00:34:06,000 --> 00:34:09,100
electrum, you know, it's really 
up to you. 

658
00:34:09,800 --> 00:34:13,600
So this is more so out of 
convenience and I believe this 

659
00:34:13,600 --> 00:34:17,199
is also to be helpful to family 
members, just in case, anything 

660
00:34:17,199 --> 00:34:22,000
happens to you, v v platform 
provides very slick. 

661
00:34:22,000 --> 00:34:26,699
Very nice user interface to 
allow users to potentially 

662
00:34:26,699 --> 00:34:30,199
access your multisig Bitcoin. 
Is that correct? 

663
00:34:30,400 --> 00:34:31,900
That's I mean, that's an 
excellent point. 

664
00:34:31,900 --> 00:34:34,900
In actually, I'm a, this isn't 
my lovely apartment. 

665
00:34:34,900 --> 00:34:37,600
I am down in Atlanta for tab 
Kampf. 

666
00:34:37,600 --> 00:34:40,900
I'm going to be optim-r oh, 
alongside tray Sellers, and 

667
00:34:40,900 --> 00:34:45,300
Justine Harper on our team to do
an introduction of multisig. 

668
00:34:45,300 --> 00:34:48,400
But also to touch on Sovereign 
recovery, right? 

669
00:34:48,400 --> 00:34:52,400
And and the fact that, you know,
if when we something we go over 

670
00:34:52,400 --> 00:34:55,100
on concierge calls, right. 
Let's play out that doomsday 

671
00:34:55,100 --> 00:34:57,400
scenario. 
Yeah, right, let's say you're 

672
00:34:57,400 --> 00:34:59,400
securing your health and 
multisig and you have a vault 

673
00:34:59,400 --> 00:35:02,600
all set up. 
And Unchained disappears, right?

674
00:35:02,600 --> 00:35:04,700
We get your were wiped off the 
face of the Earth. 

675
00:35:04,800 --> 00:35:07,300
You go to access our website and
and it's down. 

676
00:35:07,500 --> 00:35:09,600
What do you do? 
Well, when you hold your own 

677
00:35:09,600 --> 00:35:13,000
keys to your Bitcoin wealth, in 
multisig, there's this concept 

678
00:35:13,000 --> 00:35:16,700
called a wallet configuration 
file, right? 

679
00:35:16,700 --> 00:35:19,000
That contains important 
information about while it was 

680
00:35:19,000 --> 00:35:22,800
set up contains your public 
Keys, the derivation paths, kind

681
00:35:22,800 --> 00:35:25,600
of some other technical 
information and what this file 

682
00:35:25,600 --> 00:35:27,500
does is wallet, configuration 
file. 

683
00:35:27,600 --> 00:35:31,000
We really treat it as like the 
blueprints to your Walter it's 

684
00:35:31,000 --> 00:35:33,500
often times referred to as the 
treasure map to your Bitcoin 

685
00:35:33,500 --> 00:35:37,000
treasure chest and like Nico is 
men chanting. 

686
00:35:37,300 --> 00:35:40,800
If you do have this backup file 
for your Vault, you could load 

687
00:35:40,800 --> 00:35:45,300
this file into a sparrow wallet.
A caravan which is our open 

688
00:35:45,300 --> 00:35:49,300
source tool that our team has 
worked on quite quite hard over 

689
00:35:49,300 --> 00:35:51,400
the past few years and it's 
something I love to show off to 

690
00:35:51,400 --> 00:35:53,700
clients. 
There's electrum as well. 

691
00:35:53,900 --> 00:35:55,700
Right? 
There's these interoperability 

692
00:35:55,900 --> 00:35:59,100
practices and play where you are
sovereign over your wealth. 

693
00:35:59,100 --> 00:36:02,100
And if Unchained as Your 
designated coordinator, right? 

694
00:36:02,100 --> 00:36:04,800
Where you log in to see your 
balances and make deposits. 

695
00:36:04,900 --> 00:36:08,500
If we disappear, you can still 
access your Bitcoin, if you hold

696
00:36:08,500 --> 00:36:11,600
two of your keys, you can load 
up that file into another 

697
00:36:11,600 --> 00:36:15,000
multisig coordinator, and 
completely access your funds. 

698
00:36:15,200 --> 00:36:18,500
I think that is really, really 
important for all of our clients

699
00:36:18,500 --> 00:36:22,200
to be in the know on, right? 
So outside of just concierge on 

700
00:36:22,200 --> 00:36:25,200
boardings its blog post. 
It's workshops it's talking 

701
00:36:25,200 --> 00:36:27,300
about this because it's 
something that's kind of unique 

702
00:36:27,300 --> 00:36:30,100
to bitcoin to, right? 
You can't just go in them. 

703
00:36:30,500 --> 00:36:34,900
Of, you know, s really recover 
your Wells Fargo account over at

704
00:36:34,900 --> 00:36:37,100
US bank, right? 
It just doesn't work that way. 

705
00:36:37,500 --> 00:36:41,200
So, you know, not having to 
trust us in turn builds more 

706
00:36:41,200 --> 00:36:43,100
trust, and I think it's a really
angry. 

707
00:36:43,100 --> 00:36:45,800
And I think that's the, that's 
the key here, right? 

708
00:36:45,800 --> 00:36:49,900
Is that, even though you're 
using a company to potentially, 

709
00:36:49,900 --> 00:36:53,300
you know, hold a third key, for 
whatever reason, you know, for 

710
00:36:53,300 --> 00:36:56,000
your family member, maybe for 
convenience for you, maybe 

711
00:36:56,000 --> 00:36:59,000
because you don't trust yourself
holding all the keys guys, our 

712
00:36:59,000 --> 00:37:02,000
job. 
Is to show you all the tools, 

713
00:37:02,200 --> 00:37:03,800
right? 
You could do it yourself or 

714
00:37:03,800 --> 00:37:06,000
always transparent with that. 
You could use a, you know, an 

715
00:37:06,000 --> 00:37:08,000
awesome Bitcoin company like 
Unchained. 

716
00:37:08,100 --> 00:37:10,000
But our job is to show you all 
the tools. 

717
00:37:10,000 --> 00:37:12,900
There is no perfect solution to 
any of this. 

718
00:37:13,100 --> 00:37:16,400
There's just trade-offs, right? 
So you have to weigh your own 

719
00:37:16,400 --> 00:37:19,300
technical capabilities and you 
have to weigh. 

720
00:37:19,300 --> 00:37:21,500
Also convenience, convenience is
very important, right? 

721
00:37:21,500 --> 00:37:25,000
Because if you have a 45 of 50, 
multisig, right? 

722
00:37:25,000 --> 00:37:28,200
And you're in a pickle and you 
need some Bitcoin man, that's 

723
00:37:28,200 --> 00:37:31,200
going to be complicated, right? 
So you kind of have to The pros 

724
00:37:31,200 --> 00:37:35,200
and cons of, you know, every 
solution and it's really up to 

725
00:37:35,200 --> 00:37:39,800
you, the individual to make his 
or her, or they Choice. 

726
00:37:39,800 --> 00:37:43,600
Among what they want to do based
on their situation, their 

727
00:37:43,600 --> 00:37:47,300
situation in life or maybe their
country is unsafe, maybe their 

728
00:37:47,300 --> 00:37:49,400
country is safe. 
Maybe you could lacks it a 

729
00:37:49,400 --> 00:37:51,600
little bit. 
It's really dependent on your 

730
00:37:51,600 --> 00:37:54,500
particular situation. 
And I think Unchained 

731
00:37:55,300 --> 00:37:57,300
specifically the V service. 
We're going to talk about the 

732
00:37:57,300 --> 00:38:00,100
loans in a second is is a great 
tool. 

733
00:38:00,200 --> 00:38:02,900
All that potentially. 
Some of you guys could consider 

734
00:38:03,200 --> 00:38:07,800
in arming yourself and taking 
back your financial sovereignty.

735
00:38:08,500 --> 00:38:12,900
If two of three is too daunting 
for you because you don't have 

736
00:38:12,900 --> 00:38:15,600
the technical capability of 
setting it up for yourself. 

737
00:38:15,900 --> 00:38:18,600
It's what it's what Tyler said, 
right? 

738
00:38:18,600 --> 00:38:22,300
They have an onboarding service 
that could potentially be useful

739
00:38:22,300 --> 00:38:25,800
to you Opti. 
We got some time from the pleb 

740
00:38:25,800 --> 00:38:28,400
perspective, brother. 
What are your thoughts on all 

741
00:38:28,400 --> 00:38:31,400
this? 
Well obviously, The making me 

742
00:38:31,400 --> 00:38:34,700
extremely bullish on multisig 
but I just got a question. 

743
00:38:34,700 --> 00:38:38,100
I mean Tyler gave us a great 
meme of a single point of 

744
00:38:38,100 --> 00:38:41,700
failure disrespect ER and I'm 
always an advocate of just 

745
00:38:41,700 --> 00:38:45,400
keeping it simple stupid. 
So what's the difference in your

746
00:38:45,400 --> 00:38:48,800
opinion between just a multisig 
and a Bitcoin wallet secured 

747
00:38:48,800 --> 00:38:53,500
with the password? 
Yeah, so excellent question and 

748
00:38:53,500 --> 00:38:56,000
I got to give credit to this 
single point of failure, 

749
00:38:56,000 --> 00:38:59,000
disrespect her to fill Geiger 
the concierge service and 

750
00:38:59,000 --> 00:39:02,500
unchain. 
But, you know, when you add a 

751
00:39:02,500 --> 00:39:06,200
passphrase to a seed phrase, 
right? 

752
00:39:06,300 --> 00:39:09,600
If you you, let's say for all, 
intents and purposes, were 

753
00:39:09,600 --> 00:39:11,900
working with a treasure device, 
you use your treasure to 

754
00:39:11,900 --> 00:39:17,300
generate a 24 word seed. 
Phrase, what you can do is then 

755
00:39:17,300 --> 00:39:21,100
there's the option to lll pass 
phrase on top of that 24. 

756
00:39:21,200 --> 00:39:25,200
Seed phrase, you can think about
this fundamentally like a 25th 

757
00:39:25,200 --> 00:39:28,700
word although it does include 
the ability for you to add 

758
00:39:28,700 --> 00:39:32,000
special characters. 
You can you know there it's case

759
00:39:32,000 --> 00:39:35,000
sensitive so you can set capital
letters It's really like setting

760
00:39:35,000 --> 00:39:38,200
an additional password to your 
phrase. 

761
00:39:38,200 --> 00:39:42,000
Now what that does though is 
that fundamentally changes your 

762
00:39:42,000 --> 00:39:47,100
master private key. 
So if you accidentally Miss type

763
00:39:47,100 --> 00:39:50,600
your passphrase when you're 
first setting it, or if you 

764
00:39:50,900 --> 00:39:53,600
thought Thought you wrote it 
down but you really didn't and 

765
00:39:53,600 --> 00:39:56,000
it was hard to find. 
All of a sudden, you might have 

766
00:39:56,000 --> 00:39:59,600
your 24 word seed phrase, but if
you don't have your passphrase, 

767
00:39:59,600 --> 00:40:01,200
that's a single point of 
failure. 

768
00:40:01,500 --> 00:40:03,400
It could be a single point of 
failure for your Bitcoin. 

769
00:40:03,400 --> 00:40:07,800
So you compare that to multisig.
Where if you lose a passphrase 

770
00:40:07,800 --> 00:40:10,200
from your, you know, from let's 
say you're doing a two or three 

771
00:40:10,200 --> 00:40:12,100
if you lose a seed phrase, 
rather. 

772
00:40:12,100 --> 00:40:15,000
Sorry from your two or three 
setup, that's okay. 

773
00:40:15,000 --> 00:40:18,700
There's redundancy and play, you
have that fault, talu losing one

774
00:40:18,700 --> 00:40:20,200
seed. 
Phrase entirely is not going to 

775
00:40:20,208 --> 00:40:22,400
be a single point of failure. 
Years, so Opti. 

776
00:40:22,400 --> 00:40:24,400
Hopefully that helped. 
But let me know if I could 

777
00:40:24,600 --> 00:40:26,700
repeat anything or terrifying. 
Beautiful. 

778
00:40:26,700 --> 00:40:28,700
Beautiful to me. 
And then why my last question 

779
00:40:28,700 --> 00:40:32,100
and we can move on to the 
culture after this is when air 

780
00:40:32,100 --> 00:40:35,700
is their planned for Unchained 
to expand the Bitcoin Hardware 

781
00:40:35,700 --> 00:40:37,500
wallets that you guys are going 
to be able to use in the 

782
00:40:37,508 --> 00:40:41,300
multisig setup. 
Yeah, excellent. 

783
00:40:41,300 --> 00:40:45,200
Excellent question. 
So as a recap, both trip models 

784
00:40:45,200 --> 00:40:49,600
of treasure, treasure one. 
Treasure Model T Ledger, Nano X 

785
00:40:49,600 --> 00:40:54,200
90s 90s Plus Cold card and Mark 
two, three and four all 

786
00:40:54,200 --> 00:40:58,600
supported but we know that and 
we just saw the bit box add that

787
00:40:58,600 --> 00:41:01,300
Opti so eloquently. 
Put there's other Bitcoin 

788
00:41:01,300 --> 00:41:04,000
signing devices coming to Market
that are really really exciting.

789
00:41:04,200 --> 00:41:07,700
And so we are trying our best to
you know as we as we work 

790
00:41:07,700 --> 00:41:09,600
towards an interoperability 
future. 

791
00:41:09,600 --> 00:41:12,200
That also comes with offering 
support for other signing 

792
00:41:12,200 --> 00:41:14,300
devices, that might be more, PS 
BT native. 

793
00:41:14,300 --> 00:41:17,100
So be on the lookout in the 
coming quarters for some pretty 

794
00:41:17,100 --> 00:41:19,900
cool advancements in that area. 
So to answer your question 

795
00:41:19,900 --> 00:41:22,100
often, it is something that 
we're very Thinking about, we 

796
00:41:22,100 --> 00:41:24,900
want to be able to service all 
individuals who are holding 

797
00:41:25,000 --> 00:41:26,600
their own Keys. 
Awesome. 

798
00:41:27,000 --> 00:41:29,300
All right guys, let's move on to
the culture. 

799
00:41:29,300 --> 00:41:35,500
We got a lot to talk about. 
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800
00:41:35,500 --> 00:41:40,100
by Swan Bitcoin.com, Swan is the
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801
00:41:40,100 --> 00:41:43,100
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802
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803
00:41:47,900 --> 00:41:49,900
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804
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805
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806
00:41:58,200 --> 00:42:00,000
All right guys before we get to 
the culture, I want to give a 

807
00:42:00,000 --> 00:42:02,600
special shout-out to Pacific 
Bitcoins immediately the largest

808
00:42:03,000 --> 00:42:05,800
Conference on the west coast of 
over 10 through 11 speaker list 

809
00:42:05,800 --> 00:42:08,700
includes Michael sailor, Lynn 
Alden core Eclipse than Jeff 

810
00:42:08,700 --> 00:42:11,000
Booth. 
Robert bead love Pierre, Richard

811
00:42:11,000 --> 00:42:14,200
guy Swan Mark Moss. 
That's right Nico and Opti are 

812
00:42:14,200 --> 00:42:17,600
going to be doing a live simply 
Bitcoin from Pacific Bitcoin 

813
00:42:17,600 --> 00:42:19,300
conference. 
You could take advantage of the 

814
00:42:19,308 --> 00:42:24,300
promo code simply to get a major
discount on Pacific Bitcoin. 

815
00:42:24,600 --> 00:42:27,500
All right, ladies and Gentlemen,
let's talk about Bitcoin loans 

816
00:42:27,800 --> 00:42:32,200
or Bitcoin back loans, okay. 
So what if your credit is shit 

817
00:42:32,300 --> 00:42:34,900
and all of a sudden, Sudden a 
meteor falls out of the sky, 

818
00:42:34,900 --> 00:42:38,000
blows a fucking gaping hole in 
your house, you're like holy 

819
00:42:38,000 --> 00:42:41,900
crap Bitcoins at 19k. 
I don't want to sell it. 

820
00:42:41,900 --> 00:42:44,900
What do you do? 
Okay, so what you can do, one of

821
00:42:44,908 --> 00:42:46,600
the options. 
However, we're going to talk 

822
00:42:46,600 --> 00:42:49,600
about the cons because this is 
new at this and get very 

823
00:42:49,600 --> 00:42:53,600
slippery, very quickly. 
What you could do is you could 

824
00:42:53,600 --> 00:42:59,200
post your Bitcoin, you could use
your Bitcoin as collateral and 

825
00:42:59,200 --> 00:43:00,700
our friends. 
At Unchained. 

826
00:43:01,000 --> 00:43:05,200
Give you a lump sum of cash. 
Now obviously you have to pay 

827
00:43:05,200 --> 00:43:09,700
interest on that cash because it
functions as a loan and also 

828
00:43:09,700 --> 00:43:12,400
right there is a requirement 
there's a percentage requirement

829
00:43:12,400 --> 00:43:16,000
on that collateral. 
I think it's between 250 to 200 

830
00:43:16,000 --> 00:43:19,900
percent on Unchained, it goes 
below that amount you have to 

831
00:43:19,900 --> 00:43:23,300
post up more collateral, right? 
So you can get in a very sticky 

832
00:43:23,300 --> 00:43:26,600
situation very fast. 
Why would I, why am I saying 

833
00:43:26,600 --> 00:43:28,700
that? 
Because let's say you take out 

834
00:43:29,000 --> 00:43:33,100
ten thousand dollar loan, you 
have to put up 2.5 Bitcoin Let's

835
00:43:33,100 --> 00:43:37,600
say Bitcoin falls down to 10 K. 
You have to put a lot more 

836
00:43:37,600 --> 00:43:39,600
Bitcoin now, right? 
I think you have to put like 

837
00:43:39,600 --> 00:43:42,100
four or five more, you have to 
put four or five Bitcoin in 

838
00:43:42,100 --> 00:43:44,900
total for that ten thousand 
dollar loan, right? 

839
00:43:44,900 --> 00:43:47,100
And again, why, why is that 
happening? 

840
00:43:47,200 --> 00:43:50,600
Because that's the volatility of
big, that's the volatility of 

841
00:43:50,600 --> 00:43:54,400
Bitcoin and also unchanged wants
to protect themselves, right? 

842
00:43:54,400 --> 00:43:56,500
They also they don't want to go 
bankrupt either. 

843
00:43:56,600 --> 00:44:02,600
So again, if you do it safely, 
if you're not a degenerate, like

844
00:44:02,600 --> 00:44:05,200
I said, Eyes during the new 
segment. 

845
00:44:05,200 --> 00:44:10,000
This could potentially be a tool
that you use not to sell your 

846
00:44:10,000 --> 00:44:13,000
Bitcoin. 
However, like I said, it can get

847
00:44:13,000 --> 00:44:16,800
very sticky very fast specially 
if you're irresponsible. 

848
00:44:17,200 --> 00:44:20,800
And I know some people go full D
Jen and they use some of that 

849
00:44:20,800 --> 00:44:24,800
Unchained cash to buy more 
Bitcoin which is also called 

850
00:44:24,800 --> 00:44:28,000
Leverage, right? 
So which is something that we do

851
00:44:28,000 --> 00:44:30,200
not advocate for on simply 
Bitcoin. 

852
00:44:30,400 --> 00:44:33,600
We are only dollar cost. 
Average has Jurors on this 

853
00:44:33,600 --> 00:44:38,300
channel. 
So that being said, Kevin did I 

854
00:44:38,300 --> 00:44:43,400
how'd I do for the most part you
got you got pretty good 

855
00:44:43,700 --> 00:44:46,400
explanation there, but I would 
say, you know, there's a lot to 

856
00:44:46,400 --> 00:44:48,900
unpack in everything, you kind 
of just touched on. 

857
00:44:48,900 --> 00:44:51,200
So I'll try to try to address 
everything here. 

858
00:44:51,800 --> 00:44:55,100
I would say, you know, the best 
thing that you can do is just be

859
00:44:55,100 --> 00:44:59,000
prepared and you really need to 
look ahead just because you have

860
00:44:59,000 --> 00:45:02,800
enough enough Bitcoin to take 
out the coin alone with Dad. 

861
00:45:03,000 --> 00:45:05,200
As you mentioned you know our 
minimum loan amount is 10 

862
00:45:05,200 --> 00:45:09,400
thousand dollars and there's a 
250%, you know, Bitcoin 

863
00:45:09,400 --> 00:45:12,900
requirement to originate a loan.
So that means for that ten 

864
00:45:12,900 --> 00:45:15,600
thousand dollar loan you have to
put up twenty five thousand 

865
00:45:15,600 --> 00:45:18,700
dollars worth of bitcoin as 
collateral now. 

866
00:45:18,700 --> 00:45:22,400
One area that that is a little 
bit off there that I wanted to 

867
00:45:22,400 --> 00:45:26,500
kind of correct on was your the 
Margin Call threshold that you 

868
00:45:26,500 --> 00:45:29,000
mentioned. 
We can actually go lower than 

869
00:45:29,000 --> 00:45:32,200
two hundred percent before your 
you need to add more although we

870
00:45:32,200 --> 00:45:35,600
do recommend Amend that everyone
maintains above two hundred 

871
00:45:35,600 --> 00:45:37,900
percent at all times. 
And what that does is it 

872
00:45:37,900 --> 00:45:41,600
insulates you more from the 
volatility of Bitcoin insulates 

873
00:45:41,600 --> 00:45:46,600
you from the risk of a margin, 
call more than than others. 

874
00:45:46,600 --> 00:45:51,000
So essentially you can, you can 
survive from that. 250 percent 

875
00:45:51,000 --> 00:45:53,000
level. 
You can survive a 40% price 

876
00:45:53,000 --> 00:45:57,300
decline before you're prompted 
to add additional collateral and

877
00:45:57,300 --> 00:46:00,600
we're very proactive in 
communicating with our clients. 

878
00:46:01,300 --> 00:46:05,400
When that does happen. 
We are there to help and you 

879
00:46:05,400 --> 00:46:08,300
know, if there's questions about
how to deposit or how to make a 

880
00:46:08,300 --> 00:46:11,500
principal payment to their loan,
because those are two ways to 

881
00:46:11,500 --> 00:46:13,500
improve the collateral to 
principal ratio. 

882
00:46:13,700 --> 00:46:15,800
You can make a deposit of 
Bitcoin that additional 

883
00:46:15,800 --> 00:46:18,600
collateral to clear your Margin 
Call or you can send in a 

884
00:46:18,600 --> 00:46:22,200
principal payment to clear that 
Margin Call couch. 

885
00:46:22,200 --> 00:46:25,800
Okay? 
So, let's talk about, let's talk

886
00:46:25,800 --> 00:46:29,700
about because we saw it not to 
name any names. 

887
00:46:29,700 --> 00:46:33,700
I am totally going to name names
the Celsius, fucking Disaster. 

888
00:46:33,800 --> 00:46:38,100
Okay, and a lot of people, I 
think they took out loans, 

889
00:46:38,100 --> 00:46:40,400
right? 
So I know what a lot of people 

890
00:46:40,400 --> 00:46:43,300
are thinking. 
Hey man, if I send my Bitcoin as

891
00:46:43,300 --> 00:46:45,700
collateral fine, I have this 
cash loan. 

892
00:46:46,000 --> 00:46:49,000
But what if unchain goes under, 
what the hell's going to happen?

893
00:46:49,000 --> 00:46:53,500
My Bitcoin, Exactly. 
So the great thing is, we were 

894
00:46:53,508 --> 00:46:56,500
talking earlier, you know, our 
services are based off of multi 

895
00:46:56,500 --> 00:47:00,100
sake and so it's the same two of
three multi-state configuration.

896
00:47:00,100 --> 00:47:04,300
However, the way that these keys
are this key core and setup is 

897
00:47:04,300 --> 00:47:08,500
Unchained will hold one key, the
client will hold one key and 

898
00:47:08,500 --> 00:47:11,100
then we do have a third party 
key agent that holds the other 

899
00:47:11,100 --> 00:47:13,000
key. 
So if Unchained is out of the 

900
00:47:13,000 --> 00:47:16,300
mix, there's still two keys 
available for signing. 

901
00:47:16,400 --> 00:47:20,100
We also recommend that our 
clients store and back up there.

902
00:47:20,800 --> 00:47:24,800
It config file which would allow
them through, you know, survey 

903
00:47:25,100 --> 00:47:28,300
open source software like 
Caravan to rebuild that 

904
00:47:28,500 --> 00:47:31,700
multi-state configuration and 
spend the Bitcoin out of it, we 

905
00:47:31,700 --> 00:47:34,600
do have, you know, backup plans 
in place in the event that, you 

906
00:47:34,608 --> 00:47:36,900
know, when you're in the middle 
of repaying, the loan there's 

907
00:47:36,900 --> 00:47:38,900
backup loan. 
Servicer to take over the 

908
00:47:39,400 --> 00:47:42,500
servicing of the loan and then 
there's the third party key 

909
00:47:42,500 --> 00:47:47,300
agent that can get together with
you to spend the Bitcoin out of 

910
00:47:47,308 --> 00:47:48,900
there. 
Once the loan is repaid, if 

911
00:47:48,900 --> 00:47:51,300
necessary. 
So let's talk Talk about the 

912
00:47:51,300 --> 00:47:55,400
third party key agent, right? 
How third party is he what is 

913
00:47:55,400 --> 00:47:58,100
the association is this 
completely an independent 

914
00:47:58,100 --> 00:48:01,600
country called companies of the 
law firm, etc, etc. 

915
00:48:02,000 --> 00:48:04,500
Yeah. 
Are our key agent or third-party

916
00:48:04,500 --> 00:48:08,100
key agent now is Citadel SPV. 
We've had a great relationship 

917
00:48:08,100 --> 00:48:11,800
with them for several years and 
so they are a completely 

918
00:48:11,800 --> 00:48:16,500
different entity but they do, 
you know, sign at our directions

919
00:48:16,500 --> 00:48:20,600
sometimes our clients don't have
the ability to get to their key 

920
00:48:20,600 --> 00:48:24,400
For a necessary signing. 
We do allow clients to request a

921
00:48:24,400 --> 00:48:27,900
sale of their collateral, so if 
they're on vacation or something

922
00:48:27,900 --> 00:48:30,500
like that and they're not near 
their key, we would still need a

923
00:48:30,500 --> 00:48:32,300
signature to settle up that 
sale. 

924
00:48:32,300 --> 00:48:34,800
And so that's where we would 
direct that third-party key 

925
00:48:34,800 --> 00:48:38,200
agent to come in and sign in the
unfortunate event. 

926
00:48:38,200 --> 00:48:41,400
That that clients don't meet a 
margin call obligation. 

927
00:48:41,400 --> 00:48:45,300
There is a, you know, the aspect
of a forced liquidation that 

928
00:48:45,300 --> 00:48:47,900
would occur. 
And if clients not able to sign 

929
00:48:47,900 --> 00:48:50,000
at that time, we would also 
direct the third party. 

930
00:48:50,000 --> 00:48:50,900
Key agents assigned. 
Sign. 

931
00:48:51,600 --> 00:48:57,100
Okay, let's talk about examples 
as to why people would use this 

932
00:48:57,100 --> 00:49:02,100
service. 
Yeah that's a real 

933
00:49:02,100 --> 00:49:05,300
professionals. 
Yeah definitely I see them every

934
00:49:05,300 --> 00:49:06,800
day. 
Some some great, real life 

935
00:49:06,800 --> 00:49:09,000
examples. 
Like you said the meteor comes 

936
00:49:09,000 --> 00:49:11,400
hits your house, wipes out your 
bathroom, you're gonna need a 

937
00:49:11,400 --> 00:49:13,900
new bathroom, you got, you got 
to use a toilet. 

938
00:49:13,900 --> 00:49:17,700
So, you know, a lot of people 
will take out loans for 

939
00:49:18,100 --> 00:49:20,700
remodeling their home. 
As you mentioned. 

940
00:49:21,300 --> 00:49:25,200
You know, people may not have 
credit, the credit system, the 

941
00:49:25,200 --> 00:49:28,500
FICO score, it's a very 
exclusionary system. 

942
00:49:28,900 --> 00:49:31,900
It leaves a lot of people out on
the cold Be really surprised how

943
00:49:31,900 --> 00:49:34,500
many wealthy people have 
terrible credit scores and 

944
00:49:34,500 --> 00:49:37,300
that's another thing that I 
witnessed a lot in my old Fiat 

945
00:49:37,300 --> 00:49:40,200
Bank job was, you know, some of 
our wealthiest clients would 

946
00:49:40,200 --> 00:49:42,600
would have, you know, 500 credit
scores or they'd be they 

947
00:49:42,600 --> 00:49:46,000
wouldn't even register. 
We don't involve credit bureaus 

948
00:49:46,000 --> 00:49:48,900
in any aspect of our loan 
origination process. 

949
00:49:49,200 --> 00:49:51,700
So that's a real nice easy side 
step. 

950
00:49:51,800 --> 00:49:55,600
It also really speeds up the 
origination process to be able 

951
00:49:55,600 --> 00:49:58,400
to be completed within a few 
business days versus waiting a 

952
00:49:58,408 --> 00:50:00,600
month for an approval or 
something like that. 

953
00:50:00,600 --> 00:50:04,400
For For a mortgage and that's 
another actual real life, use 

954
00:50:04,400 --> 00:50:07,200
case that people use it for is 
purchasing real estate. 

955
00:50:07,400 --> 00:50:11,500
I've seen people take out loans 
to purchase an engagement rings,

956
00:50:11,800 --> 00:50:14,900
you know, starting a family. 
Maybe they're going to expand on

957
00:50:14,900 --> 00:50:18,900
their house, not just repair it 
or something, or even buy a car.

958
00:50:19,300 --> 00:50:21,900
So it's a really great Advantage
is, you don't have to worry 

959
00:50:21,900 --> 00:50:24,600
about that whole credit score 
nonsense. 

960
00:50:25,500 --> 00:50:27,500
Yeah. 
The the only and again we always

961
00:50:27,500 --> 00:50:30,900
transparent about the downsides.
The only downside is Bitcoins, 

962
00:50:30,900 --> 00:50:34,400
volatility, it goes down and you
are going to be put in a 

963
00:50:34,408 --> 00:50:37,300
position. 
And then again, like this is all

964
00:50:37,300 --> 00:50:40,200
about, we always tell you guys 
that the revolution is personal 

965
00:50:40,200 --> 00:50:44,400
responsibility, right? 
So you know again off the top of

966
00:50:44,400 --> 00:50:49,800
my head example, let's say you 
have five Bitcoin and you take a

967
00:50:49,808 --> 00:50:52,800
ten thousand dollar loan, that's
a big percentage of your Bitcoin

968
00:50:52,800 --> 00:50:55,100
that you might have to put up as
collateral meaning. 

969
00:50:55,500 --> 00:50:59,000
If that Bitcoin if the price of 
Bitcoin goes down, you're going 

970
00:50:59,000 --> 00:51:01,600
to be, you're going to have to. 
You might be put in a position 

971
00:51:01,600 --> 00:51:04,500
where you have to put a half of 
your stack. 

972
00:51:04,800 --> 00:51:07,600
And I definitely don't recommend
that, right? 

973
00:51:07,600 --> 00:51:10,800
So again, it has to do with 
knowing yourself knowing in the 

974
00:51:10,800 --> 00:51:17,200
position that you're in and, you
know, I guess understanding, but

975
00:51:17,200 --> 00:51:19,300
that point. 
Yeah, you know, just like I 

976
00:51:19,308 --> 00:51:21,900
said, be prepared, you know, 
think about, you know, what 

977
00:51:21,900 --> 00:51:25,100
Bitcoins done over its term. 
We've seen so many charts. 

978
00:51:25,200 --> 00:51:29,200
It's highlighting the draw Downs
of Bitcoins 8090 percent from 

979
00:51:29,200 --> 00:51:31,900
Peak to trough. 
So if you're taking out a loan, 

980
00:51:31,900 --> 00:51:34,200
you need to really ask yourself 
and think, you know, am I 

981
00:51:34,200 --> 00:51:36,900
prepared to add three to four 
times the amount that I'm 

982
00:51:36,900 --> 00:51:41,100
initially adding as collateral? 
You know, maybe instead of you 

983
00:51:41,100 --> 00:51:44,500
know, leveraging up completely 
and dumping it all into Bitcoin,

984
00:51:44,600 --> 00:51:48,900
you save a portion of that that 
lump sum of USD to make a 

985
00:51:48,900 --> 00:51:51,400
principal payment in the event, 
that you need to distance 

986
00:51:51,400 --> 00:51:54,900
yourself from the potential for 
a margin call or that you 

987
00:51:54,900 --> 00:51:57,200
actually Have some some 
additional collateral that 

988
00:51:57,200 --> 00:51:59,900
you're comfortable, depositing, 
in the event that you need to. 

989
00:52:00,700 --> 00:52:04,200
Another case that we've seen is 
people will contact us when the 

990
00:52:04,200 --> 00:52:05,900
price gets volatile. 
Now say, hey I'm going on 

991
00:52:05,900 --> 00:52:09,000
vacation, what do I do? 
Well one thing you can do is, 

992
00:52:09,000 --> 00:52:11,400
you can act early, you can 
deposit that Bitcoin ahead of 

993
00:52:11,400 --> 00:52:13,900
time you can make a payment 
ahead of time and boost your 

994
00:52:13,900 --> 00:52:18,000
collateral to principal ratio, 
well above 250 percent, you know

995
00:52:18,000 --> 00:52:21,500
400 500 percent whatever makes 
you feel comfortable and helps 

996
00:52:21,500 --> 00:52:24,600
you sleep at night. 
Again the key here is being 

997
00:52:24,600 --> 00:52:28,300
prepared and Acting early. 
Yeah, so I think one of the key 

998
00:52:28,300 --> 00:52:32,800
differences and from your guys's
service and from the other 

999
00:52:32,800 --> 00:52:36,300
services which is why I felt 
comfortable inviting you guys on

1000
00:52:36,300 --> 00:52:42,100
in the first place is the self 
custody aspect of this, right? 

1001
00:52:42,100 --> 00:52:44,700
The fact that it's a two or 
three multisig, we talked about 

1002
00:52:44,700 --> 00:52:46,900
multisig on the first part of 
the show, The segment, the first

1003
00:52:46,900 --> 00:52:51,400
segment, the new segment. 
And the way that the collateral 

1004
00:52:51,400 --> 00:52:54,700
setup works in the loan 
agreement, is that you still 

1005
00:52:54,700 --> 00:52:55,900
have one. 
Keys. 

1006
00:52:56,200 --> 00:52:58,200
Right? 
And then a third party has a 

1007
00:52:58,208 --> 00:53:03,100
second key and then Unchained 
has the third key, right? 

1008
00:53:03,100 --> 00:53:07,900
So, and again, from my 
perspective, theoretically, you 

1009
00:53:07,900 --> 00:53:11,700
can check the deposit address 
that you deposit your collateral

1010
00:53:11,700 --> 00:53:15,600
to, and you'll see if it moves. 
It should stay in the same 

1011
00:53:15,600 --> 00:53:19,000
place, right? 
So that's one of the biggest 

1012
00:53:19,000 --> 00:53:22,300
differences and the reason I 
mention this is most other 

1013
00:53:22,300 --> 00:53:26,400
people, they re hypothecated. 
So you send your Bitcoin in as 

1014
00:53:26,400 --> 00:53:31,500
collateral and then they put it 
in a very big lump sum and most 

1015
00:53:31,500 --> 00:53:34,100
often than not, it's not the 
necessarily, the Celsius guys 

1016
00:53:34,100 --> 00:53:37,400
were bad people. 
Is that they thought, holy crap,

1017
00:53:37,400 --> 00:53:41,100
I have this lump sum of Bitcoin.
Maybe I could use it to grow my 

1018
00:53:41,100 --> 00:53:44,300
own Bitcoin and of course, you 
know, always pay back the little

1019
00:53:44,300 --> 00:53:49,100
guy, the problem is that when 
you see a crash then those types

1020
00:53:49,100 --> 00:53:52,200
of moves aren't so smart. 
So could you talk a little bit 

1021
00:53:52,200 --> 00:53:55,400
about that? 
Absolutely, you know, if Are 

1022
00:53:55,400 --> 00:53:59,000
partnering with a company that 
did similar things as Celsius, 

1023
00:53:59,200 --> 00:54:02,000
you're exposing yourself to 
counterparty risk. 

1024
00:54:02,000 --> 00:54:05,700
So you may make all of your 
payment's maintain your margins,

1025
00:54:05,700 --> 00:54:09,500
stay out of Margin Call and you 
pay up and everything's great 

1026
00:54:09,500 --> 00:54:13,200
but because of, you know, poor 
decision-making from your 

1027
00:54:13,200 --> 00:54:15,800
counterparty now, your Bitcoins 
no longer there. 

1028
00:54:16,300 --> 00:54:20,100
It's been lent out, it's been 
gambled away and that's just 

1029
00:54:20,100 --> 00:54:22,900
something that we're not 
comfortable with as a business 

1030
00:54:22,900 --> 00:54:25,400
model. 
So as you said, you can you see 

1031
00:54:25,400 --> 00:54:28,300
the address that the Bitcoin is 
sitting in or sometimes multiple

1032
00:54:28,300 --> 00:54:30,900
dresses, in the case of you 
making multiple deposits, 

1033
00:54:31,200 --> 00:54:33,800
because we generate a new 
deposit, address with each 

1034
00:54:33,800 --> 00:54:37,200
additional deposit for your 
loan, you can verify every 

1035
00:54:37,200 --> 00:54:38,900
single day that it's sitting 
there. 

1036
00:54:39,400 --> 00:54:42,700
You can, if your device supports
confirming on device, you can 

1037
00:54:42,700 --> 00:54:46,200
validate that address is 
actually you know, appropriate 

1038
00:54:46,200 --> 00:54:48,700
for that Quorum. 
And not and really have 

1039
00:54:48,700 --> 00:54:50,900
assurance that you're not 
exposed to some kind of a 

1040
00:54:50,908 --> 00:54:53,100
man-in-the-middle attack. 
There's a lot of really great 

1041
00:54:53,100 --> 00:54:56,800
assurances that come with Loans 
because we use the foundation of

1042
00:54:56,808 --> 00:55:00,100
multisig. 
Interesting, very interesting. 

1043
00:55:00,100 --> 00:55:02,800
I think it's one of the unique 
things that you guys do, 

1044
00:55:03,700 --> 00:55:06,800
leveraging the technology of 
Bitcoin, not to make the 

1045
00:55:06,800 --> 00:55:10,400
mistakes of the past. 
And I think that multisig is a 

1046
00:55:10,408 --> 00:55:15,300
great tool and not using it. 
It's like the Celsius thing. 

1047
00:55:15,300 --> 00:55:17,500
It's like people don't 
understand that that has 

1048
00:55:17,500 --> 00:55:19,800
happened so many times 
throughout history, it's just, 

1049
00:55:19,800 --> 00:55:22,400
just change the names, right? 
So, what's that fate? 

1050
00:55:22,400 --> 00:55:25,000
Very famous saying, right? 
It's like trying the same thing.

1051
00:55:25,200 --> 00:55:28,400
And expecting different results 
is like the definition of a 

1052
00:55:28,400 --> 00:55:31,200
crazy person. 
It's like, we have the chance. 

1053
00:55:31,200 --> 00:55:35,300
If we leverage, if we leverage, 
you know, the technology that 

1054
00:55:35,300 --> 00:55:38,900
Bitcoin provides us to kind of 
change it, and what that does is

1055
00:55:38,900 --> 00:55:41,000
it changes the incentives, 
right? 

1056
00:55:41,100 --> 00:55:43,800
Because if you're a company and 
usually, okay, listen, we use 

1057
00:55:43,800 --> 00:55:47,200
multisig then Tech 
theoretically, you could spend 

1058
00:55:47,200 --> 00:55:48,800
it, right? 
Because you do have access to 

1059
00:55:48,808 --> 00:55:51,400
two of the three kids. 
It's through the three keys. 

1060
00:55:51,400 --> 00:55:53,000
You're closer to the third 
party. 

1061
00:55:53,300 --> 00:55:55,800
Of course, you know, if you're 
kosher You do everything by 

1062
00:55:55,800 --> 00:55:57,200
paper. 
You're not going to do that but 

1063
00:55:57,200 --> 00:56:00,500
theoretically you could right? 
But at least that puts you on 

1064
00:56:00,500 --> 00:56:02,900
the hook right? 
Versus what these other 

1065
00:56:02,900 --> 00:56:07,600
companies do is, man, they say 
very clear block, fi has this 

1066
00:56:07,600 --> 00:56:10,700
very famous posts and they try 
to make the case as to why 

1067
00:56:10,700 --> 00:56:15,000
rehypothecation, it's a good 
thing and then their valuation 

1068
00:56:15,000 --> 00:56:20,800
got absolutely screwed again and
it goes back to trying the same 

1069
00:56:20,800 --> 00:56:24,000
things and expecting different 
results and it ends up in 

1070
00:56:24,000 --> 00:56:27,400
exactly where we started. 
Absolute clown world. 

1071
00:56:27,900 --> 00:56:32,400
So yeah, really appreciate you 
guys coming on and talking about

1072
00:56:32,400 --> 00:56:36,100
the awesome products that you 
have it Unchained guys you know 

1073
00:56:36,600 --> 00:56:39,800
what I did just want to mention 
is you know in the whole topic 

1074
00:56:39,800 --> 00:56:43,300
of margin calls and avoiding 
them and keeping your Bitcoin 

1075
00:56:43,300 --> 00:56:47,500
safe is that we do provide tools
to help clients know exactly 

1076
00:56:47,500 --> 00:56:51,100
where they are relative to their
Price thresholds. 

1077
00:56:51,100 --> 00:56:54,200
So you can log into your account
and we have a collateral 

1078
00:56:54,200 --> 00:56:56,700
management card. 
It's a nice little health bar 

1079
00:56:56,700 --> 00:56:59,200
changes colors as it goes up and
down. 

1080
00:56:59,300 --> 00:57:03,000
And it really, it gives you a 
real-time identifier in terms of

1081
00:57:03,000 --> 00:57:05,800
the health of the collateral on 
your loan and whether an 

1082
00:57:05,800 --> 00:57:08,000
additional deposit is 
recommended or an additional 

1083
00:57:08,000 --> 00:57:11,400
principal payment is recommended
to get you in that you know 200 

1084
00:57:11,400 --> 00:57:13,600
plus percent range. 
Awesome. 

1085
00:57:13,600 --> 00:57:18,300
Yeah, and you guys know the 
deal, we do not have people or 

1086
00:57:18,300 --> 00:57:20,900
companies or products. 
Jean simply Bitcoin that we have

1087
00:57:20,900 --> 00:57:26,200
not tried personally ourselves 
and something that I am careful 

1088
00:57:26,200 --> 00:57:29,800
to say I advocate just because I
don't want to fucking get 

1089
00:57:29,800 --> 00:57:31,200
people. 
Not the Vault product of all 

1090
00:57:31,200 --> 00:57:32,800
products fine. 
You know that's more of a 

1091
00:57:32,800 --> 00:57:36,300
privacy issue but the 
specifically the loan product 

1092
00:57:36,500 --> 00:57:39,100
you can get yourself in a lot of
trouble very quickly. 

1093
00:57:39,200 --> 00:57:42,400
So just be careful with that. 
But I will say this because you 

1094
00:57:42,408 --> 00:57:46,600
guys leverage the two of three 
multisig, it is much safer in my

1095
00:57:46,600 --> 00:57:51,600
opinion than using a loan. 
Fighter, that doesn't Leverage 

1096
00:57:51,600 --> 00:57:55,000
The Power of 2 of 3. 
So yeah, man, I love what you 

1097
00:57:55,008 --> 00:57:56,500
guys do. 
You're an awesome Bitcoin 

1098
00:57:56,500 --> 00:57:59,700
company and you guys keep the 
Bitcoin principles in the 

1099
00:57:59,700 --> 00:58:02,800
company, which we need more of 
now. 

1100
00:58:02,800 --> 00:58:05,600
These days. 
Anyways, Opti you want to hit it

1101
00:58:05,600 --> 00:58:09,500
from the plant perspective. 
Well, I was gonna ask the 

1102
00:58:09,500 --> 00:58:11,600
question about if you get margin
called. 

1103
00:58:11,600 --> 00:58:13,600
Do you lose? 
Not saying I'm going to become a

1104
00:58:13,600 --> 00:58:16,600
DJ in here but I was going to 
say if you get my PhD, I already

1105
00:58:16,600 --> 00:58:18,400
regret it. 
This is why I said this is what 

1106
00:58:21,400 --> 00:58:23,600
Kevin already kind of answered, 
I was just going to ask, you 

1107
00:58:23,600 --> 00:58:25,300
know, but he pretty much 
answered like. 

1108
00:58:25,300 --> 00:58:27,800
But just to be clear, if you get
margin called, do you lose all 

1109
00:58:27,800 --> 00:58:30,700
your Bitcoin on collateral or 
just enough to cover the 

1110
00:58:30,700 --> 00:58:35,100
volatility? 
Yeah, we, it's short answer is 

1111
00:58:35,100 --> 00:58:38,200
that. 
It's only ever going to be like 

1112
00:58:38,200 --> 00:58:40,200
the maximum amount of collateral
that that's ever going to be 

1113
00:58:40,200 --> 00:58:43,200
liquid, is just enough to cover 
the outstanding loan obligation 

1114
00:58:43,700 --> 00:58:46,500
from there. 
There's also partial amounts 

1115
00:58:46,500 --> 00:58:50,200
that can be liquid if you don't 
respond to your All just to get 

1116
00:58:50,200 --> 00:58:54,300
you into a better position. 
Our current practice is to, if 

1117
00:58:54,300 --> 00:58:57,000
we have to forcefully, liquidate
our current practice is to go 

1118
00:58:57,500 --> 00:59:01,100
and liquidate enough to get up 
to the 200%, collateral to 

1119
00:59:01,100 --> 00:59:05,800
principal ratio. 
Mark in some cases that is not 

1120
00:59:05,800 --> 00:59:08,700
really appropriate and we end up
liquidating enough to fully 

1121
00:59:08,700 --> 00:59:11,100
close out the loan. 
But again, we provide those 

1122
00:59:11,100 --> 00:59:14,000
tools, make it really 
transparent, easy to see where 

1123
00:59:14,000 --> 00:59:16,900
you're at. 
Also, one thing that's really 

1124
00:59:16,900 --> 00:59:21,200
unlike other I say crypto 
companies because there's really

1125
00:59:21,200 --> 00:59:23,200
not a lot of Bitcoin financial 
services. 

1126
00:59:23,200 --> 00:59:27,600
Companies out there, is that you
can call us and talk to a real 

1127
00:59:27,600 --> 00:59:31,300
person on the phone. 
And that is really unlike a lot 

1128
00:59:31,300 --> 00:59:34,500
of our competition. 
We we have high standards for 

1129
00:59:34,500 --> 00:59:39,100
ourselves for responding to our 
support tickets via email so you

1130
00:59:39,100 --> 00:59:41,000
will get in touch with someone 
if you try. 

1131
00:59:41,700 --> 00:59:44,400
So, a lot of, you know, 
sometimes people will be really 

1132
00:59:44,400 --> 00:59:46,900
scared and not know what to do. 
And just kind of freeze up reach

1133
00:59:46,900 --> 00:59:49,500
out to us call us if there's any
questions that you have it. 

1134
00:59:49,600 --> 00:59:51,700
Even just on any of our 
services, you don't have to be 

1135
00:59:51,700 --> 00:59:53,100
in margin called reach out to 
us. 

1136
00:59:53,100 --> 00:59:55,500
You can just call and say, hey, 
what's up? 

1137
00:59:56,200 --> 00:59:58,600
So, I just want to be getting 
calls from off to her. 

1138
00:59:58,600 --> 01:00:09,600
She could we talk about the 
Unchained trading desk for a 

1139
01:00:09,608 --> 01:00:11,200
little bit. 
Maybe you guys could, you know, 

1140
01:00:11,200 --> 01:00:14,100
do a little show on that one and
just what makes it different 

1141
01:00:14,100 --> 01:00:15,600
than buying Bitcoins somewhere 
else? 

1142
01:00:15,600 --> 01:00:18,000
Because I saw the announcement 
at a bit block. 

1143
01:00:18,000 --> 01:00:20,500
Boom. 
And it Seem like big news but 

1144
01:00:20,500 --> 01:00:22,900
again I'm the Hai functional 
dumb on the show. 

1145
01:00:22,900 --> 01:00:27,800
So explain this to me. 
Well, the benefits I I could 

1146
01:00:27,800 --> 01:00:30,400
take a stab at that one, you 
know, trading desk. 

1147
01:00:30,400 --> 01:00:33,900
And our Unchained Ira holding 
the keys to your retirement, 

1148
01:00:33,900 --> 01:00:37,400
Bitcoin some Financial Services,
as an addition, to loans that we

1149
01:00:37,400 --> 01:00:39,200
have. 
But trading desk being kind of 

1150
01:00:39,208 --> 01:00:41,800
the recent release for us. 
That's, that's pretty awesome. 

1151
01:00:42,700 --> 01:00:45,200
It's General availability. 
Which is what the big splash. 

1152
01:00:45,200 --> 01:00:46,600
A bit block. 
Boom is about. 

1153
01:00:46,800 --> 01:00:49,300
We're in a belief. 34 states in 
climbing. 

1154
01:00:49,600 --> 01:00:54,100
States and US Territories really
what the trading desk is. 

1155
01:00:54,100 --> 01:00:56,600
It Unchained it allows you to 
buy Bitcoin and have it 

1156
01:00:56,600 --> 01:00:59,000
deposited right to sing vaults, 
right? 

1157
01:00:59,000 --> 01:01:02,800
So no more Cold Storage sweats 
of buying it on some exchange 

1158
01:01:02,800 --> 01:01:05,500
and then sending it to your 
Vault and copying and pasting 

1159
01:01:05,500 --> 01:01:07,300
addresses. 
And kind of squinting and making

1160
01:01:07,300 --> 01:01:10,200
sure everything is correct. 
If you buy Bitcoin through are 

1161
01:01:10,200 --> 01:01:12,200
unchanged trading desk, if 
you're in a state, we approve 

1162
01:01:12,400 --> 01:01:15,700
that's approved we send it right
to your Vault. 

1163
01:01:16,400 --> 01:01:19,200
So, privacy there, as kind of 
improved, you don't have to 

1164
01:01:19,200 --> 01:01:21,400
share Share your information 
with multiple different 

1165
01:01:21,400 --> 01:01:24,100
companies, just in order to 
stack Bitcoin you can buy 

1166
01:01:24,100 --> 01:01:25,900
Bitcoin directly through 
Unchained. 

1167
01:01:26,200 --> 01:01:29,400
So right now we do have a five 
thousand dollar minimum as we're

1168
01:01:29,400 --> 01:01:31,900
kind of a honing in that 
product, getting two more States

1169
01:01:31,900 --> 01:01:34,500
eventually lowering minimums. 
It's going to be really powerful

1170
01:01:34,500 --> 01:01:36,500
way to, to stack things. 
I think so. 

1171
01:01:36,600 --> 01:01:39,000
Encourage you. 
Yeah, go for it. 

1172
01:01:39,200 --> 01:01:42,500
The convenience, the 
convenience, the convenience of 

1173
01:01:43,300 --> 01:01:49,500
making the Back end of buying 
Bitcoin and taking it directly 

1174
01:01:49,500 --> 01:01:52,400
into self custody. 
And not only, is it self 

1175
01:01:52,400 --> 01:01:57,100
custody, it's multisig. 
Self custody and you guys are 

1176
01:01:57,100 --> 01:02:00,000
doing it, I know Swan is going 
to do it as well which is why 

1177
01:02:00,000 --> 01:02:03,100
they bought Spector. 
And at the end of the day, 

1178
01:02:03,300 --> 01:02:05,800
right? 
This is good because it's 

1179
01:02:05,800 --> 01:02:11,500
putting the complexity of 
multisig in the background and 

1180
01:02:11,500 --> 01:02:14,500
the user has just everything to 
benefit, right? 

1181
01:02:15,400 --> 01:02:18,200
We've all been there to the cold
storage sweats of it's on your 

1182
01:02:18,200 --> 01:02:21,200
exchange and then you got to do 
the transfer and also it's on 

1183
01:02:21,200 --> 01:02:24,600
your exchange and then, you 
know, the an exchange moment, 

1184
01:02:24,600 --> 01:02:27,200
we'll call them happens and you 
can't withdraw, you know, that's

1185
01:02:27,200 --> 01:02:28,500
what we want to eliminate, 
right? 

1186
01:02:28,500 --> 01:02:31,900
So depositing right to your own 
Keys, nothing bad, I'm a multi, 

1187
01:02:31,900 --> 01:02:37,800
I'm a degenerate tinfoil hat 
Bitcoin, ER, make your own Keys 

1188
01:02:37,800 --> 01:02:43,400
everywhere. 
But but I look the, what I feel 

1189
01:02:43,400 --> 01:02:46,500
this product is for its it. 
My opinion it's useful for 

1190
01:02:46,500 --> 01:02:50,500
family members. 
We're like you don't want to 

1191
01:02:50,500 --> 01:02:53,600
have it on a single Sig but 
let's say something happens to 

1192
01:02:53,600 --> 01:02:57,300
you and it's like look mom you 
know, looked at look you know 

1193
01:02:57,300 --> 01:03:00,700
wife look husband you know here 
look here's my you know here's 

1194
01:03:00,700 --> 01:03:05,300
my password to my Unchained your
my wallets. 

1195
01:03:05,300 --> 01:03:07,900
You know, if anything happens to
me, here you go. 

1196
01:03:08,100 --> 01:03:09,900
Right? 
And I think that is what it's 

1197
01:03:09,900 --> 01:03:12,200
useful for. 
And again guys you don't have to

1198
01:03:12,400 --> 01:03:15,000
totally just use V. 
You could use V for some of your

1199
01:03:15,300 --> 01:03:18,700
George, you could use your own 
multisig or you can use your own

1200
01:03:18,700 --> 01:03:21,300
single Sig, right? 
But the point here of all, this 

1201
01:03:21,300 --> 01:03:24,300
is the tools at hand that gives 
you. 

1202
01:03:24,300 --> 01:03:26,600
It gives you tremendous amount 
of power. 

1203
01:03:26,800 --> 01:03:28,400
We're before you had none 
before. 

1204
01:03:28,400 --> 01:03:32,800
You're just beholden to in the 
case of the loans, the Credit 

1205
01:03:32,800 --> 01:03:35,000
Agencies right? 
You have bad credit, you're 

1206
01:03:35,000 --> 01:03:39,500
fucked, you're blacklisted your 
black sheep right? 

1207
01:03:39,600 --> 01:03:42,700
Or in the case of if you have 
your money in a bank and first 

1208
01:03:42,700 --> 01:03:45,300
whatever reason you say 
something political that the you

1209
01:03:45,300 --> 01:03:49,200
know the powers that be don't 
like you know snip you know so 

1210
01:03:49,500 --> 01:03:51,600
this is awesome. 
This is the power of Bitcoin and

1211
01:03:51,600 --> 01:03:54,900
I'm glad that there's Services 
being built around Bitcoin 

1212
01:03:55,300 --> 01:03:58,000
around Bitcoin itself and 
leveraging the power of Bitcoin 

1213
01:03:58,200 --> 01:04:01,000
and just want to say one last 
thing before we move on to the 

1214
01:04:01,000 --> 01:04:04,300
mean review and then we wrap up 
is this right? 

1215
01:04:04,900 --> 01:04:07,300
He's I know that there's a lot 
of Hardcore bitcoiners watching 

1216
01:04:07,300 --> 01:04:10,700
this show and perhaps these 
things aren't for you, right? 

1217
01:04:10,800 --> 01:04:14,100
But if we want Bitcoin to go 
mainstream, right, you 

1218
01:04:14,100 --> 01:04:16,800
definitely want bit. 
When companies building out 

1219
01:04:16,800 --> 01:04:20,800
these surfaces rather than the 
traditional Financial companies 

1220
01:04:20,800 --> 01:04:24,800
that aren't going to use the 
tools that Bitcoin provides and 

1221
01:04:24,800 --> 01:04:26,600
leveraged those tools properly, 
right? 

1222
01:04:26,600 --> 01:04:29,900
And then you're going to have 
scenarios like Celsius, 

1223
01:04:29,900 --> 01:04:33,200
scenarios like block 5, just 
keep repeating over and over and

1224
01:04:33,200 --> 01:04:35,400
over again, right there, just 
going to change the branding, 

1225
01:04:35,400 --> 01:04:38,900
change the words, maybe change 
vocabulary, but the same thing 

1226
01:04:38,900 --> 01:04:42,100
happens and it's very simple 
man, the incentive, right? 

1227
01:04:42,100 --> 01:04:46,400
The human incentive when you're 
holding a big, Pile of Bitcoin 

1228
01:04:46,600 --> 01:04:49,700
not to use that Bitcoin to 
benefit yourself specifically if

1229
01:04:49,700 --> 01:04:52,400
you have total control over its 
two great man. 

1230
01:04:52,600 --> 01:04:56,800
So, I like how you guys are 
using multisig to, at least 

1231
01:04:57,200 --> 01:05:01,600
better the incentives a little 
bit and at least making it 

1232
01:05:01,600 --> 01:05:04,200
better for your customer, right?
I'll leave it at that. 

1233
01:05:04,300 --> 01:05:07,400
Anyways, we're going to go one. 
Last question, is, this is 

1234
01:05:07,700 --> 01:05:09,700
unchain available? 
It's in the chat for 

1235
01:05:09,700 --> 01:05:11,900
international. 
Customers are just us customers.

1236
01:05:13,700 --> 01:05:18,600
Our vault product is available 
for for most people in most 

1237
01:05:18,600 --> 01:05:20,500
countries. 
And unfortunately, we do have to

1238
01:05:20,508 --> 01:05:22,500
comply with those ofac 
restrictions. 

1239
01:05:22,500 --> 01:05:25,700
So there, you know, there are 
some countries where we cannot 

1240
01:05:25,700 --> 01:05:31,300
support but and then loans at 
this time are really just mainly

1241
01:05:31,300 --> 01:05:34,400
the United States. 
Yeah, fine. 

1242
01:05:34,400 --> 01:05:39,100
It perfect great trading desk is
us only at the moment and then 

1243
01:05:39,100 --> 01:05:42,900
our Ira product is American 
retirement accounts. 

1244
01:05:42,900 --> 01:05:45,500
But the vaults though, we do 
serve and I just want to say you

1245
01:05:45,500 --> 01:05:48,600
guys all the kyc, these 
criticisms and all the lack of 

1246
01:05:48,600 --> 01:05:51,900
international Services, whatever
that is blamed the fucking 

1247
01:05:51,900 --> 01:05:54,600
Regulators, right? 
Because they're the ones that 

1248
01:05:54,600 --> 01:05:57,400
they're making business 
difficult, but anyways, let's 

1249
01:05:57,400 --> 01:06:03,300
get them in review. 
The daily meme review, brought 

1250
01:06:03,300 --> 01:06:07,200
to you by Cipher safe, don't be 
that person that loses their 

1251
01:06:07,200 --> 01:06:10,800
Bitcoin seed. 
Due to fire damage water damage 

1252
01:06:10,800 --> 01:06:12,500
dog. 
Attacks back up your 

1253
01:06:12,500 --> 01:06:16,900
generational Bitcoin wealth on 
steel and there's no better 

1254
01:06:16,900 --> 01:06:21,600
place to do it than the cipher 
grid by Cipher safe and now 

1255
01:06:21,600 --> 01:06:25,800
check out their new Bitcoin art 
the Bitcoin rulebooks triangle 

1256
01:06:25,800 --> 01:06:30,300
only on Cipher safe dot IO. 
All right, guys. 

1257
01:06:30,300 --> 01:06:32,900
Well you all know the deal. 
This is De meme review and 

1258
01:06:32,900 --> 01:06:34,600
Tweeter. 
The bullet foot memes are the 

1259
01:06:34,600 --> 01:06:37,600
artillery in this information 
Warfare and you guys are on the 

1260
01:06:37,600 --> 01:06:39,900
front line. 
So continue to memes, even 

1261
01:06:39,900 --> 01:06:42,700
though Rusty thought I was 
telling him not to me many more 

1262
01:06:43,000 --> 01:06:45,700
continue to get the calls of 
action out there because people 

1263
01:06:45,700 --> 01:06:48,300
got to know the signal. 
And everyone is lazy and they're

1264
01:06:48,300 --> 01:06:50,700
not going to read all those 
great articles on the Unchained 

1265
01:06:50,700 --> 01:06:53,500
Capital blog unless they're 
incentivized to do it. 

1266
01:06:53,600 --> 01:06:56,100
But on that nose, go read 
gradually then suddenly series 

1267
01:06:56,100 --> 01:06:59,300
that series is boss. 
Anyways, this first one it is 

1268
01:06:59,500 --> 01:07:03,300
Simply Bitcoin me my try not to 
put our memes in the show but 

1269
01:07:03,500 --> 01:07:06,000
this one, this one, hit a nerve 
with everyone. 

1270
01:07:06,000 --> 01:07:10,500
So I just put it on top, it do 
be facts, do hashtag Bitcoin and

1271
01:07:10,500 --> 01:07:12,900
we got season hard lers. 
They're all buff and it goes. 

1272
01:07:12,900 --> 01:07:14,500
Wipe them out. 
Cheap sad. 

1273
01:07:14,500 --> 01:07:18,600
Slower, please, lifestyle, 
unaffected and all are, you 

1274
01:07:18,600 --> 01:07:20,800
know, new bitcoiners in the 
first bear Market. 

1275
01:07:20,800 --> 01:07:23,600
The macro looks terrible, 
institution soon Sailors, still 

1276
01:07:23,600 --> 01:07:26,000
buying and Mercury's in 
retrograde. 

1277
01:07:27,000 --> 01:07:29,300
The last one was apparently the 
hit that guy. 

1278
01:07:29,400 --> 01:07:31,600
And everyone. 
This next one is by our friend 

1279
01:07:31,600 --> 01:07:35,900
TC, and he goes, another 
influencer getting carried away 

1280
01:07:35,900 --> 01:07:38,800
with crypto and it looks like 
the devil carrying away Jesus 

1281
01:07:38,800 --> 01:07:42,900
into the woods God. 
All right. 

1282
01:07:42,900 --> 01:07:46,400
There's next one is by relay a 
band because these Psychopaths 

1283
01:07:46,400 --> 01:07:50,600
exist and we got to go see goes 
boo because blue again because 

1284
01:07:50,600 --> 01:07:53,900
bull again, no and and nothing 
no response and because I send 

1285
01:07:53,900 --> 01:07:55,600
Bitcoin without a test 
transaction. 

1286
01:07:55,600 --> 01:08:01,400
He goes uh Sometimes you live 
Reckless out there. 

1287
01:08:01,600 --> 01:08:04,600
This next one I had to add this 
one Nico considering that we are

1288
01:08:04,600 --> 01:08:07,300
simply Bitcoin. 
This isn't Elon Musk tweet but 

1289
01:08:07,300 --> 01:08:11,300
we say it all the time about 
Legacy Media and you know when 

1290
01:08:11,300 --> 01:08:14,000
Elon Musk drops a good meme, I 
will I will give him his credit 

1291
01:08:14,000 --> 01:08:17,600
and he goes you know we got the 
Bronco, the infamous, Bronco 

1292
01:08:17,600 --> 01:08:21,200
here, getting chased by the 
police and because me trying to 

1293
01:08:21,200 --> 01:08:23,800
escape mainstream media. 
We got propaganda, we got bias 

1294
01:08:23,800 --> 01:08:26,800
without fabrication time. 
Balanced coverage euphemism lies

1295
01:08:26,800 --> 01:08:30,399
of omission diversion, staged 
events have Through straw man, 

1296
01:08:30,399 --> 01:08:33,800
Anonymous sources and only two 
ideas, y'all know exactly what 

1297
01:08:33,800 --> 01:08:38,100
we're talking about. 
There's an excellent by our 

1298
01:08:38,100 --> 01:08:41,899
friend corn DeLorean and we 
covered the PayPal news last 

1299
01:08:41,899 --> 01:08:44,600
week and he goes hashtag PayPal 
was a warning shot. 

1300
01:08:44,600 --> 01:08:48,100
We need Bitcoin now more than 
ever and we gotta Paul Revere 

1301
01:08:48,700 --> 01:08:52,600
upgrade a reiteration of a Paul 
Revere Meme and got PayPal users

1302
01:08:52,600 --> 01:08:55,700
and a bitcoiners on the horse 
going the cbc's are coming. 

1303
01:08:55,700 --> 01:08:58,800
The CBD Caesar coming. 
Yes, this is what we've been 

1304
01:08:58,800 --> 01:09:01,700
telling you guys. 
Consistently on the show, watch 

1305
01:09:01,700 --> 01:09:04,100
out, we need Bitcoin more than 
ever, take your Bitcoin in the 

1306
01:09:04,108 --> 01:09:06,899
self custody. 
And this last one, this isn't by

1307
01:09:06,899 --> 01:09:11,000
a Bitcoin or, but this is 
Liberty copy, and it has laser 

1308
01:09:11,000 --> 01:09:13,500
eyes on it. 
So, maybe it is a Bitcoin Meme 

1309
01:09:13,700 --> 01:09:16,899
and it goes, they wouldn't need 
to censor us if we were wrong, 

1310
01:09:17,000 --> 01:09:18,800
think I'll give him some horns 
on that one. 

1311
01:09:19,600 --> 01:09:23,200
Anyways, Nico for my mean review
score today. 

1312
01:09:23,200 --> 01:09:25,600
Considering Nico has been mean 
review. 

1313
01:09:25,600 --> 01:09:29,200
Shaming me lately, I brought 
something sweet in here. 

1314
01:09:29,800 --> 01:09:34,100
I got a Blow Pop Blow Pop. 
Alright guys this is the simply 

1315
01:09:34,100 --> 01:09:37,500
Bitcoin meme review. 
So Drop Your Meme scores in the 

1316
01:09:37,500 --> 01:09:40,500
live chat make Opti and I feel 
uncomfortable while we were 

1317
01:09:40,500 --> 01:09:43,000
forced to read them. 
I'm going to give it to see 

1318
01:09:43,000 --> 01:09:47,000
through Xbox One, controller 
thing. 

1319
01:09:47,100 --> 01:09:49,800
Yeah, boom. 
Boom. 

1320
01:09:50,399 --> 01:09:52,700
That's right Opti. 
Feels like I'm a nerd because I 

1321
01:09:52,700 --> 01:09:55,500
play FIFA before jump on, simply
it's true. 

1322
01:09:55,500 --> 01:09:57,200
And on Spaces, you'll hear the 
look. 

1323
01:09:58,800 --> 01:10:01,800
Dude, I'm at my desk and bored 
as fuck and I have an Xbox here.

1324
01:10:02,100 --> 01:10:03,700
It's great. 
Oh man. 

1325
01:10:04,000 --> 01:10:06,900
All right, Kevin, what would you
give those memes? 

1326
01:10:08,100 --> 01:10:11,100
I give it three naive, but 
Kelly's, because there was so 

1327
01:10:11,100 --> 01:10:14,700
much focus on, you know, we 
talked about the Fudd that is 

1328
01:10:14,700 --> 01:10:18,300
being spread about El Salvador 
and warning about the Legacy 

1329
01:10:18,300 --> 01:10:21,100
systems. 
So that's why that's why I give 

1330
01:10:21,100 --> 01:10:24,700
my rating. 
Tyler. 

1331
01:10:24,700 --> 01:10:28,700
Wow, Niko's soundboard on fleek.
And what would you give those? 

1332
01:10:28,700 --> 01:10:33,800
Wow, I give those memes. 
A, I don't want to say a two out

1333
01:10:33,800 --> 01:10:38,200
of three keys because I think 
there are better than 66%. 

1334
01:10:38,200 --> 01:10:41,500
So we'll say three out of three 
key all piecing. 

1335
01:10:41,500 --> 01:10:43,900
For those memes that they were 
great love. 

1336
01:10:43,900 --> 01:10:47,500
The the, that's a terrible idea.
Yeah. 

1337
01:10:47,500 --> 01:10:49,800
It is a terrible idea. 
Is a terrible idea. 

1338
01:10:49,800 --> 01:10:53,000
Don't do it, but I love the 
love. 

1339
01:10:53,500 --> 01:10:57,900
The mimetic props where mimetic 
props are due with Elon Musk. 

1340
01:10:58,000 --> 01:11:00,700
You just put out some funny 
means every yes, yes I agree. 

1341
01:11:00,700 --> 01:11:02,700
Okay, I've got one in here. 
Already Nico. 

1342
01:11:03,100 --> 01:11:05,900
All right, that first. 
One by Hammer saw I give the 

1343
01:11:05,900 --> 01:11:13,300
memes, three thumbs, very nice. 
Next one, I give the memes one 

1344
01:11:13,300 --> 01:11:15,400
of my, one of my three multi, 
six. 

1345
01:11:17,000 --> 01:11:18,900
Next one. 
Oh, he's any reason. 

1346
01:11:18,900 --> 01:11:23,700
He's abusing the soundboard but 
wait, I got one more me review 

1347
01:11:23,700 --> 01:11:26,200
score for the boys on the show 
an Unchained friends. 

1348
01:11:26,200 --> 01:11:28,400
Don't let friends sell Bitcoin 
shirt. 

1349
01:11:28,400 --> 01:11:38,700
Those are very kind of shirts by
the way cheese sandwich. 

1350
01:11:42,200 --> 01:11:44,800
I don't know if you can say this
one, but I brought it up. 

1351
01:11:46,800 --> 01:11:49,200
What one key on the head and one
Co-op? 

1352
01:11:50,200 --> 01:11:53,900
These two of two, multisig, best
handle in the game. 

1353
01:11:56,100 --> 01:11:58,900
The legendary Optimus Prime is 
that Opti is that Opti? 

1354
01:11:58,900 --> 01:12:02,800
Is that his new nickname? 
I give these memes 5 Christine 

1355
01:12:02,800 --> 01:12:06,300
Lagarde, that's right, five of 
opt, he's ex-girlfriends. 

1356
01:12:07,100 --> 01:12:11,400
Oh man oh man oh man. 
Alright guys also check out 

1357
01:12:11,400 --> 01:12:14,100
Simply Bitcoin unfiltered it's 
the written version of this show

1358
01:12:14,100 --> 01:12:17,600
you gotta go to 
www.simpleandsensational.com out

1359
01:12:17,608 --> 01:12:21,300
our awesome Riders rushed and 
Paul Zak drop wine and kiss drop

1360
01:12:21,300 --> 01:12:24,800
in the sauce it's the written 
version, it's simply Bitcoin but

1361
01:12:24,800 --> 01:12:27,900
in Inform and also check out 
Simply Bitcoins awesome telegram

1362
01:12:27,900 --> 01:12:29,500
chat group that's where you can 
link us. 

1363
01:12:29,500 --> 01:12:31,700
Bitcoin memes to review. 
It's absolutely free. 

1364
01:12:31,700 --> 01:12:37,300
You gotta go to www.ah.mil me / 
the simply Bitcoin channel. 

1365
01:12:37,300 --> 01:12:39,400
It's a party in there. 
It's awesome. 

1366
01:12:39,400 --> 01:12:42,000
Anyways, Opti there's a website 
by playing now. 

1367
01:12:42,000 --> 01:12:44,000
We're running. 
I will save it for tomorrow. 

1368
01:12:44,000 --> 01:12:45,100
Yeah, let's save it for 
tomorrow. 

1369
01:12:45,300 --> 01:12:47,100
Why do you tell everybody where 
to find us? 

1370
01:12:47,100 --> 01:12:49,700
The audio version of the show? 
Yes, yes, guys. 

1371
01:12:49,700 --> 01:12:53,100
We are on anchor. 
We on Spotify and we are on 

1372
01:12:53,100 --> 01:12:56,000
Apple podcast and if you really 
love what Are doing, we are on 

1373
01:12:56,000 --> 01:12:58,000
Fountain app. 
I still haven't logged in on the

1374
01:12:58,000 --> 01:13:00,600
fountain out, but I will read 
your comments and your Clips 

1375
01:13:00,600 --> 01:13:02,300
soon. 
We appreciate all the SATs 

1376
01:13:02,300 --> 01:13:05,400
you're streaming us as a part of
the valley for Valerie economy. 

1377
01:13:05,400 --> 01:13:07,400
Anyways, think this is a great 
episode. 

1378
01:13:07,400 --> 01:13:09,600
Let's, let's throw this one out.
Nico, we're running a little 

1379
01:13:09,600 --> 01:13:11,800
late on time. 
Yeah, I also want to give a very

1380
01:13:11,800 --> 01:13:15,400
special shout-out to our awesome
clothing sponsor Opti, get up, 

1381
01:13:15,400 --> 01:13:18,000
show the back, show, the back of
that, a modest piece of meat. 

1382
01:13:18,100 --> 01:13:20,200
Yes, you are. 
You're the simply Bitcoin model 

1383
01:13:20,200 --> 01:13:24,700
that this is the represent. 
Bitcoin, angel with the AK. 

1384
01:13:24,700 --> 01:13:28,500
I'm wearing the hoodie. 
It's absolutely dope, check this

1385
01:13:28,500 --> 01:13:31,700
out, they make a hoodie of it, 
they making sure he's coming out

1386
01:13:31,700 --> 01:13:34,800
with more simply. 
He's coming out with more 

1387
01:13:34,800 --> 01:13:37,400
Bitcoin merch, simply Bitcoin 
merch. 

1388
01:13:37,500 --> 01:13:40,400
Only on representing tv.com, you
could take advantage of the 

1389
01:13:40,400 --> 01:13:45,800
promo code down below to get a 
10% discount represent LTD.com. 

1390
01:13:46,000 --> 01:13:49,600
I also want to give a very 
special shout-out to our awesome

1391
01:13:49,600 --> 01:13:52,100
guests. 
Kevin, Tyler, thank you. 

1392
01:13:52,100 --> 01:13:55,200
So For joining us today. 
Where can people find out more 

1393
01:13:55,200 --> 01:13:57,900
about you guys like give you 
guys as handles? 

1394
01:13:58,100 --> 01:14:01,900
And if people are curious about 
Unchained, what do they do? 

1395
01:14:03,600 --> 01:14:08,300
So you can go to unchain.com. 
It's a see our wonderful blog 

1396
01:14:08,300 --> 01:14:11,100
learn about all of the different
products and services that we 

1397
01:14:11,100 --> 01:14:15,100
talked about today. 
My Twitter handle is at Kevin 

1398
01:14:15,200 --> 01:14:19,800
underscore Stoneham sto Neha M 
my last name. 

1399
01:14:20,800 --> 01:14:25,300
Yeah that always loved to Hype 
up Unchained.com concierge for 

1400
01:14:25,300 --> 01:14:28,600
the concierge service checking 
out our site and our blog 

1401
01:14:28,600 --> 01:14:32,900
content is fantastic. 
Mostly on Twitter at clockwerk 

1402
01:14:33,500 --> 01:14:38,400
Or prior on Twitter. 
Yeah happy to anybody in the 

1403
01:14:38,400 --> 01:14:39,800
audience. 
Might be having thank you both 

1404
01:14:39,800 --> 01:14:41,500
for having us. 
This was a really awesome, 

1405
01:14:41,700 --> 01:14:44,000
really appreciate it. 
Alright, ladies and gentlemen, 

1406
01:14:44,000 --> 01:14:45,800
that was another episode of 
Simply Bitcoin. 

1407
01:14:45,800 --> 01:14:50,400
I know it was running a little 
late today but it's our job to 

1408
01:14:50,400 --> 01:14:54,000
keep you in tune with the 
Bitcoin Revolution whether 

1409
01:14:54,000 --> 01:14:56,900
that's giving you the tools 
highlighting the tools for you 

1410
01:14:56,900 --> 01:14:59,800
to use or not to use whether 
that's covering the news. 

1411
01:14:59,800 --> 01:15:03,300
We try to cover it all, we try 
to do our best, we love you all.

1412
01:15:03,400 --> 01:15:07,000
All we will see you tomorrow for
a brand new episode of Simply 

1413
01:15:07,200 --> 01:15:16,800
Bitcoin. 
So you guys later Oh yeah that 

1414
01:15:16,800 --> 01:15:18,300
make sure to go to our Twitter 
spaces. 

1415
01:15:18,300 --> 01:15:21,900
We're going to continue to do a 
hangout, some be awesome. 

1416
01:15:22,000 --> 01:15:23,200
All right, now is the one.